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$1,640,000

5875 Collins Ave #1503, Miami Beach, FL 33140

Bedrooms
2
Baths
3
Living area
1,094 ft²
Price per ft²
$1,499 / ft²
Type
Condo
Year built
2008
HOA
$2,900 / mo HOA
On market
3 days on market
MLS #
A12114545

Spectacular ocean views from every room in this meticulous designed 2 bedroom 2.5 bathroom residence. Enjoy outdoor-indoor living from an extensive terrance. Floor to ceiling windows, Italian open kitchen with top of the line appliances and marble floors. Mei is a luxurious boutique building with only 132 residences in Miami Beach's Millionaires row. It features lavish amenities including beach service, infinity pool, fitness center, spa, tea lounge library, 24-hour security, valet & business center. Excellent location 10 minutes drive to South Beach & Bal Harbour.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $1,499. The median for recorded sales in the same ZIP codes is $598/ft² — putting it 151% above the median.
  • Position in the area’s price distributionThe asking price is $1,640,000; the median of recorded sales in the area is $550,000 (2,485 sales). On raw price that is 198% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $2,900 per month comes to $34,800 a year — 2.1% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$492,000
Term

7.24% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 29, 2026.

Estimated monthly payment$7,824
Loan amount
$1,148,000
Total interest over the term
$1,668,496
Total repaid
$2,816,496

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Compass Florida, LLC

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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