Property Details
| Sold Price | $1,290,000 |
|---|---|
| Last Asking Price | $1,395,000 |
| Price per SqFt | $1,179 |
| Maintenance Fee | $2,218 Monthly |
| Property Taxes | $13,216 2022 |
| Interior Space | 1,094 SqFt |
| Beds/Baths | 2/2½ |
| Year Built | 2008 |
| Closed Date | 3/17/2023 |
| MLS # | A11320124 |
Location
From the listing
This stunning waterfront unit has floor to ceiling windows leading out onto a 1,000+ sf private terrace, filling the unit with natural light and making it feel very spacious. Enjoy 2 bedrooms, each with their own bathroom plus an additional half bathroom. The primary bedroom features a walk-in closet. The water heater was recently replaced with a tankless heater, opening up additional closet space. The unit has in-unit laundry tucked away in a discreet closet. The Mei has recently renovated to keep up with its superior standards. The building has a relaxed, zen feel and truly feels like you're at a 5-star resort. The gorgeous pool and garden area opens up onto the Miami Beach boardwalk, giving you direct beach access. Enjoy exceptional, beachfront resort living with a huge private terrace.
Listed by Engel & Voelkers Coconut Grove
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $2,218 a month; taxes $13,216 for 2022. MLS figures, which may not be accurate.
Sales History for This Unit · MEi Condominium Unit 503
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11278034 | $1,200,000 | 10/31/22 |
| A11037179 | $850,000 | 8/16/21 |
What Other Units Have Been Selling For at MEi Condominium
5 units sold at MEi Condominium in the last 12 months at an average of $1,263/SqFt
Below, the most recent sales most like this unit: its floorplan first, then units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 1603 | $1,475,000$1,348/SqFt | 90% | 8/22/25 |
| 703 | $1,285,000$1,175/SqFt | 89% | 9/3/24 |
| 1403 | $1,490,000$1,362/SqFt | 93% | 6/11/24 |
| 903 | $1,425,000$1,303/SqFt | 95% | 3/20/23 |
| 2103 | $1,500,000$1,295/SqFt | 85% | 9/16/22 |
| 1803 | $1,100,000$1,005/SqFt | 92% | 12/15/21 |
| 1403 | $1,050,000$960/SqFt | 94% | 11/24/21 |
| 503 | $850,000$777/SqFt | 100% | 8/16/21 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Engel & Voelkers Coconut Grove. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
Ask Mark About This Listing
MEi Condominium Unit 503, 5875 Collins Avenue · MLS A11320124 · Sold Mar 2023
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.
More at MEi Condominium
At MEi Condominium, 7 of 132 units are for sale and 5 sold in the last 12 months at an average of $1,263 per SqFt. Unit 503 sold at $1,179 per SqFt, below the building's average at the time. Figures compiled by Mark Zilbert, a Miami Beach real estate agent with ONE Sotheby's International Realty, from MLS records.