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5875 Collins Ave # 501, Miami Beach FL 33140

Condo/Co-op For Sale
$1,999,000

BTC: 31.43081761

ETH: 1,050.64541900

-$76K (2026/07/16)
58 days
Waterfront
2 bds
2 ba
1,322 sqft

Overview

An elevated oceanfront condominium residence at MEi Miami Beach, where sweeping Atlantic views, expansive terraces, and contemporary interiors define an exceptional coastal lifestyle. Positioned as a northeast corner residence, Unit 501 offers over 1,300 SF of interiors paired with an extraordinary 4,200+ SF wraparound terrace designed for effortless indoor-outdoor living and entertaining. Offered fully furnished, the residence features 2 bedrooms, 2.5 baths, floor-to-ceiling impact glass, open living and dining spaces, and a spacious primary suite with a spa-inspired bath and dual vanities. Natural light fills the interiors while panoramic ocean views extend throughout the residence and outdoor spaces. Enhancing the experience is the intimate setting of MEi, a boutique oceanfront condominium of just 134 residences designed for elevated privacy and service. Residents enjoy a refined collection of resort-style amenities including valet and beach service, a state-of-the-art fitness center, oceanfront pool deck, spa facilities with an infrared sauna and cold-plunge pool, and serene lounge spaces curated for relaxation and wellness. Perfectly positioned along the sands of Miami Beach moments from Bal Harbour Shops, renowned dining, and South Beach, this is a rare opportunity to experience elevated coastal living with exceptional privacy and scale.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Valet
Year Built:
2008
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$1,512
Cooling:
Central Air / Electric
HOA:
$3,479

Valuation

Our model vs. what's actually selling nearby.
Estimate
$710,000
$359K – $1.9M
Confidence Low
List vs. estimate
$1.3M above estimate
List $1,999,000 · +181.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,512
+154.3% vs. city median $594
Based on
358 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $580K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$33,875
2025
HOA
$3,479/mo
Pool
Private
View
Ocean View, Direct Ocean
Waterfront
Ocean Front, Waterfront
Garage
2 car garage
All facts and features
  • Flooring

    • Ceramic Floor

    • Other

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Refrigerator

    • Wall Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Bar

    • Built-in Features

    • Cooking Island

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Bathrooms: 1

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    • Valet

    Property

    • Pool Private: Yes

    • Exterior Features: Other / Open Balcony

    Other Property Information

    • Parcel Number: 02-32-14-031-0030

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $3,479

    • HOA Frequency: Monthly

    • Annual tax amount: $33,875

  • Source details

    • MLS ID: A12029631

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Deck / Open Balcony / Open Porch / Wrap Around

    • Architectural Style: Corner Unit / High Rise

    • Waterfront: Yes

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 1322

    • Subdivision Name: MEI CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC