$989,000
5875 Collins Avenue 906
Miami Beach, FL 33140
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $989,000
- Price per sq ft
- $1,187
- Original price
- $1,150,000
- Days on market
- 204
This 1-bedroom condo in Mei Condo is listed at $989,000, or $1,187 per square foot. The asking price has come down 14% from its original $1,150,000. It has been on the market for 204 days.
Estimated monthly payment
$5,198 /mo
Principal and interest only, based on $197,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $2,252/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $989,000
- Days on Site
- 204 Days
- Bedrooms
- 1
- Total Baths
- 2
- Full Baths
- 1
- Partial Baths
- 1
- Living Area
- 833 sqft
- Total Sq Ft
- 833 sqft
- Year Built
- 2008
- Property Type
- Condo
- MLS #
- A11988116
- Property Tax
- $13,017 (2025)
- HOA Fees
- $2,252 / Monthly
- Subdivision
- MEI CONDO
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Experience the epitome of luxury living in this exquisite oceanfront condo at MEI. Located on Miami Beach's prestigious Millionaire's Row, this boutique oceanfront building offers zen luxury living. The 833 SqFt unit boasts breathtaking sunrises over the ocean and sunsets of the downtown skyline city view from its expansive balcony. This unit has been renovated with new countertops in kitchen and updated bathrooms. Light, bright and airy 1 bed 1.5 bath with updated kitchen & top-of-the-line appliances. This building offers resort-style amenities including a pool, sauna, gym, spa, beach service, business center, and concierge services. Valet parking.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2008
- Number of Stories
- 22
- Garage Spaces
- 1
- Parking
- Guest / Valet
- Living Sq Ft
- 833
- Total Sq Ft
- 833
Interior Features
- Appliances
- Dryer / Dishwasher / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Electric
- Flooring
- Tile
- Interior Features
- Breakfast Area / Bathtub / Living Dining Room / None / Soaking Tub / Separate Shower
- Total Rooms
- 1
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Intracoastal Access / Ocean Front / Other
- View
- Intercoastal / Ocean
Community & HOA
- HOA Fee
- $2,252 / Monthly
- HOA Includes
- Common Areas / Hot Water / Recreation Facilities / Sewer / Water
- Association Amenities
- Clubhouse / Fitness Center / Maintenance Grounds / Other / Picnic Area / Pool / Sauna / Spa Hot Tub / Elevators
- Security
- Security System / Secured Garage Parking / Key Card Entry / Lobby Secured / Phone Entry
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions
- MLS Area
- 2320
This home's HOA fee works out to $2,252 a month, 36% below the $3,500 median across 7 homes for sale in Mei Condo. See Mei Condo HOA fees
Schools
- Elementary School
- North Beach
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
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
- 170
Frequently Asked Questions
- How do I schedule a tour of 5875 Collins Avenue 906, Miami Beach, FL 33140?
- Use the Tour button on this listing to request a showing of 5875 Collins Avenue 906, 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 906, Miami Beach, FL 33140 still available?
- 5875 Collins Avenue 906, Miami Beach, FL 33140 is currently listed as Active, and has been on the market 204 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 906, Miami Beach, FL 33140?
- With 20% down ($197,800) on the $989,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5875 Collins Avenue 906, Miami Beach, FL 33140 is about $5,198/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 906, 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 906, 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 906, Miami Beach, FL 33140 have an HOA fee?
- Yes: 5875 Collins Avenue 906, Miami Beach, FL 33140 carries an HOA fee of about $2,252 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 5875 Collins Avenue 906, Miami Beach, FL 33140?
- 5875 Collins Avenue 906, Miami Beach, FL 33140 is zoned for North Beach (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 5875 Collins Avenue 906, Miami Beach, FL 33140?
- Often, yes. The right offer on 5875 Collins Avenue 906, 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 The Inside Network
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 June 23, 2026.
$989,000
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Listed by Alyssa Morgan Ende, The Inside Network
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Recent Sales
Recently sold homes in Mei Condo
These are the last 6 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 $1,348 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
Sold$1,475,000
Sold · August 22, 2025
5875 Collins Avenue 1603
2 bed · 2.5 bath · 1,094 sqft · $1,348/sqft
$165,000 under the asking price
See every recorded sale in Mei Condo or find out what your Mei Condo home is worth.
