Closed

Mei, 5875 Collins Ave #507, Miami Beach, FL 33140

1,650,000(-9.09% )
$1,500,000Price
2Beds
21/2Baths
1,323SqFt

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Details

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Status:
Sold - Apr 24, 2025
Parking: 2
Size: 1,323 SqFt (123 m2)
Price: $1,134/SqFt ($12,204/m2)
Type: Condo
Built: 2008
HOA: $2,989/MO
MLS Number: A11668609
View: Garden, Intercoastal, Ocean, Other, Water
On Site: 303 Days
Updated: 92 Days ago
Page Views: 0
Enjoy this rarely available corner lanai unit at the boutique mei miami beach. This stunning 2 bed, 2.5 bath residence includes an expansive 1500 sqft terrace. Ideal for entertaining and sunrise and sunset views. The second bedroom features a murphy bed. The mei is a boutique condominium with 134 residences, offering 5-star service, valet parking, beach access + service, a state-of-the-art pool, fitness center, library, steam room, spa, and more.
Features
Bedrooms
  • Bedrooms: 2
Bathrooms
  • Bathrooms: 2
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Balcony, Barbecue, SecurityHighImpactDoors
  • View: Garden, Intercoastal, Ocean, Other, Water
Interior, Heating and Cooling
  • Interior Features: BuiltInFeatures, BedroomOnMainLevel, BreakfastArea, DualSinks, KitchenIsland, SplitBedrooms, SeparateShower
  • Equipment / Appliances: BuiltInOven, Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Other
  • Year Built: 2008
  • Year Built Description: Resale
  • Style: Other
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: 2
    • Listing Date: 2024-10-02T13:58:59.000-00:00
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: Amenities, CommonAreas, CableTv, Internet, Pools, Sewer, Trash, Water
    • Taxes: No info
    • Security Information: ElevatorSecured, LobbySecured, Other
    • Parking Description: TwoOrMoreSpaces
    • Total Floors in Building: 22

    Price History

    04/24/2025

    Date

    Sold

    Event

    $1.5M

    Price

    -9.09%

    Change Rate

    $1,134 ft2 / $12,204 m2

    Price Per

    12/03/2024

    Date

    Price Reduced

    Event

    $1.7M

    Price

    -10.81%

    Change Rate

    $1,247 ft2 / $13,424 m2

    Price Per

    09/30/2024

    Date

    Listed

    Event

    $1.9M

    Price

    $1,398 ft2 / $15,052 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Liora RahimiDouglas Elliman • Buyer Agency Compensation .

    Instant Comps

    $1,000/ft²
    $1,200/ft²
    $1,400/ft²
    $1,700/ft²

    Unit #507 – Asking

    $1,134/ft²

    (-15%) from Closed Avg. $/ft²

    Closed Avg. $/ft²

    $1,342/ft²
    Community $/Price Range (Closed) $1134/ft² – $1565/ft²
    UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
    # 15072/21,323$1,342EastBay, Ocean, Water$1,775,0006/27/2025
    Unit: # 1507
    Bed/Bath: 2/2Size SqFt: 1,323$/SqFt: $1,342Exposure: EastView: Bay, Ocean, WaterSold: $1,775,000Closed Date: 6/27/2025
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