$1,475,000
Sold · August 22, 2025
5875 Collins Avenue 1603
Miami Beach, FL 33140
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $1,475,000
- Vs. list price
- 10.1% under
- Days on market
- 131
- Price per sq ft
- $1,348
This 2-bedroom condo in Mei Condo sold for $1,475,000 on August 22, 2025. That was 10.1% below its final list price of $1,640,000. It spent 131 days on the market. At $1,348 per square foot, it closed 8.4% above the $1,243 median of the 5 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $1,475,000
- Sold On
- August 22, 2025
- Days on Site
- 131 Days
- Bedrooms
- 2
- Total Baths
- 3
- Full Baths
- 2
- Partial Baths
- 1
- Living Area
- 1,094 sqft
- Total Sq Ft
- 1,094 sqft
- Year Built
- 2008
- Property Type
- Condo
- MLS #
- A11765395
- Property Tax
- $16,653 (2024)
- HOA Fees
- $2,758 / Monthly
- Subdivision
- MEI CONDO
- County
- Miami Dade
- Status
- Sold
About This Property
Impeccable 2-bed, 2.5-bath condo in the prestigious MEI, an exclusive boutique-style luxury building inspired by Asian design in the highly sought-after Millionaire’s Row in Miami Beach. Used solely as a vacation home, never rented, and with less than two months of annual use, this stunning residence features marble flooring throughout, built-in furniture for maximum convenience and style, and abundant natural light in every room with breathtaking ocean views. The MEI offers world-class amenities, including a newly renovated lobby with 24-hour concierge, valet parking, a TEA lounge, a serene ZEN library, direct oceanfront access with daily beach service, a state-of-the-art fitness center, and yoga and massage rooms.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 2008
- Property Condition
- Resale
- Number of Stories
- 22
- Levels
- Multi Split
- Garage Spaces
- 2
- Living Sq Ft
- 1,094
- Total Sq Ft
- 1,094
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Refrigerator
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Marble
- Interior Features
- Closet Cabinetry / Other / Split Bedrooms
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Architectural Style
- Split Level
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- No Fixed Bridges / Ocean Front
- View
- Ocean
Community & HOA
- HOA Fee
- $2,758 / Monthly
- HOA Includes
- Cable Tv / Pools / Water
- Association Amenities
- Business Center / Clubhouse / Fitness Center / Maintenance Grounds / Library / Pool / Sauna
- Security
- Security System
- Pets Allowed
- Pet Restrictions / Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions
- MLS Area
- 2320
About the Community
Mei Condo is a luxury waterfront, luxury community in Miami Beach, Miami-Dade County, Florida. Properties are priced from $999,999 to $3,800,000. Pure Equity lists homes in Mei Condo and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 8
- Under Contract
- 0
- Median List Price
- $2,350,000
- Median $/Sq Ft
- $1,427
- Avg Days on Market
- 168
Frequently Asked Questions
- How do I schedule a tour of 5875 Collins Avenue 1603, Miami Beach, FL 33140?
- Use the Tour button on this listing to request a showing of 5875 Collins Avenue 1603, Miami Beach, FL 33140. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 5875 Collins Avenue 1603, Miami Beach, FL 33140 still available?
- 5875 Collins Avenue 1603, Miami Beach, FL 33140 is currently listed as Sold, and has been on the market 131 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 5875 Collins Avenue 1603, Miami Beach, FL 33140?
- With 20% down ($328,000) on the $1,640,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5875 Collins Avenue 1603, Miami Beach, FL 33140 is about $8,619/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5875 Collins Avenue 1603, Miami Beach, FL 33140?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5875 Collins Avenue 1603, Miami Beach, FL 33140. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 5875 Collins Avenue 1603, Miami Beach, FL 33140 have an HOA fee?
- Yes: 5875 Collins Avenue 1603, Miami Beach, FL 33140 carries an HOA fee of about $2,758 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 5875 Collins Avenue 1603, Miami Beach, FL 33140?
- Often, yes. The right offer on 5875 Collins Avenue 1603, Miami Beach, FL 33140 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Jasal Int'l Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$1,475,000
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Listed by Armando A Javier, Jasal Int'l Realty
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Recent Sales
Recently sold homes in Mei Condo
These are the last 5 recorded closings in Mei Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,243 per square foot. The most recent closed on October 7, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,875,000
Sold · October 7, 2026
5875 Collins Avenue 501
2 bed · 2.5 bath · 1,322 sqft · $1,418/sqft
$124,000 under the asking price
Sold$1,400,000
Sold · May 11, 2026
5875 Collins Avenue 201
1 bed · 1.5 bath · 1,126 sqft · $1,243/sqft
$95,000 under the asking price
Sold$825,000
Sold · April 3, 2026
5875 Collins Avenue 1004
1 bed · 1.5 bath · 778 sqft · $1,060/sqft
$74,000 under the asking price
Sold$825,000
Sold · February 19, 2026
5875 Collins Avenue 1006
1 bed · 1.5 bath · 833 sqft · $990/sqft
$64,000 under the asking price
Sold$2,400,000
Sold · January 5, 2026
5875 Collins Avenue 1908
3 bed · 3.5 bath · 1,742 sqft · $1,378/sqft
$99,000 under the asking price
See every recorded sale in Mei Condo or find out what your Mei Condo home is worth.
