Sold for $400,000

$400,000

5225 Collins Ave APT 1407, Miami Beach, FL 33140

2beds

960sqft

Condominium

Built in 1962

-- sqft lot

$503,000 Zestimate^®

$417/sqft

$3,613 Estimated rent

Home value

$503,000

$438,000 - $573,000

$3,613/mo

Zestimate^® history

Owner options

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$3,613/mo

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$3,613/mo

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$4,578/mo

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$4,578/mo

Est. payment

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What's special

Ocean and intracoastal viewCovered parking garageBeach servicePoolside tiki bar

Beautiful unit at the 14th floor with ocean and intracoastal view. Great unit for investors as owners have the option to enroll in the Hotel Rental Program to generate income while not using. 2 bedrooms 2 bathroom and 1 covered parking garage condo in Collins Avenue. This building offers the accommodation of hotel services such as a cleaning service, valet parking, concierge, playground area, and business center, maid service, gym, spa, restaurant, hair salon, cafe/bakery/wine shop, 2 pools, poolside tiki bar & beach service. Daily rental available. See attachement of rental policies provided by the association.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Microwave, Electric Range, Refrigerator
Laundry: Common Area

Features

Shabbat Elevator
Flooring: Tile
Doors: High Impact Doors
Furnished: Yes

Interior area

Total structure area: 960
Total interior livable area: 960 sqft

Property

Parking

Total spaces: 1
Parking features: 1 Space, Covered
Garage spaces: 1

Features

Entry location: First Floor Entry
Patio & porch: Deck
Pool features: Association
Has view: Yes
View description: Canal, Ocean, Pool
Has water view: Yes
Water view: Canal,Ocean
Waterfront features: Ocean Access, Ocean Front

Details

Parcel number: 0232140190870

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

CBS Construction

Condition

Year built: 1962

Community & HOA

Community

Security: Elevator Secure, Secured Garage/Parking, Security Guard, Lobby Secured, TV Camera
Application fee: $150
Pet fee: $100
Subdivision: The Alexander Condo

HOA

Has HOA: Yes
Amenities included: Bar, Business Center, Laundry, Fitness Center, Pool
HOA fee: $1,807 monthly

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $417/sqft
Tax assessed value: $401,404
Annual tax amount: $6,494
Date on market: 5/28/2024
Listing terms: All Cash,Conventional

Price history

Date	Event	Price
8/8/2025	Sold	$400,000-11.1%$417/sqft
Source: MIAMI #A11591096 Report a problem
7/2/2025	Pending sale	$450,000$469/sqft
Source: MIAMI #A11591096 Report a problem
6/11/2025	Price change	$450,000-7.2%$469/sqft
Source: MIAMI #A11591096 Report a problem
5/15/2025	Price change	$485,000-3%$505/sqft
Source: MIAMI #A11591096 Report a problem
2/17/2025	Price change	$500,000-9.1%$521/sqft
Source: MIAMI #A11591096 Report a problem
1/21/2025	Price change	$550,000-8.3%$573/sqft
Source: MIAMI #A11591096 Report a problem
5/28/2024	Listed for sale	$600,000-7.7%$625/sqft
Source: MIAMI #A11591096 Report a problem
5/13/2022	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
4/21/2022	Listed for rent	$4,000$4/sqft
Source: Zillow Rental Network_1 #A11189520 Report a problem
12/28/2013	Listing removed	$650,000$677/sqft
Source: Fortune International Realty Brickell Inc #A1818439 Report a problem
7/25/2013	Listed for sale	$650,000+71.1%$677/sqft
Source: Fortune International Realty #A1818439 Report a problem
5/6/2013	Sold	$380,000-11.4%$396/sqft
Source: Public Record Report a problem
3/22/2013	Pending sale	$429,000$447/sqft
Source: Redilco Int'l Real Estate, LLC #A1654645 Report a problem
1/20/2013	Listed for sale	$429,000$447/sqft
Source: Redilco Int'l Real Estate, LLC #A1654645 Report a problem
12/12/2012	Pending sale	$429,000$447/sqft
Source: Redilco Int'l Real Estate, LLC #A1654645 Report a problem
7/13/2012	Price change	$429,000-4.5%$447/sqft
Source: Redilco Int'l Real Estate, LLC #A1654645 Report a problem
5/1/2010	Price change	$449,000-3.4%$468/sqft
Source: Redilco Int'l Real Estate, LLC #M1363539 Report a problem
1/16/2010	Listed for sale	$465,000+158.3%$484/sqft
Source: Redilco Int'l Real Estate, LLC #M1363539 Report a problem
3/6/1996	Sold	$180,000$188/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,069 +3.7%	$363,381 +10%
2024	$6,816 +5%	$330,347 +10%
2023	$6,494 +17.9%	$300,316 +10%
2022	$5,506 +14.9%	$273,015 +10%
2021	$4,792 -14.2%	$248,196 -14%
2020	$5,587 -25.7%	$288,600 -25.7%
2019	$7,525 +3.8%	$388,300 +1.1%
2018	$7,250	$384,045 +10%
2017	$7,250 +9.1%	$349,132 -10.7%
2016	$6,649 -15%	$390,965 +2.5%
2015	$7,817 +11%	$381,260 +10%
2014	$7,042 +7.2%	$346,600 +20%
2013	$6,569	$288,830 -10%
2012	$6,569 +1.6%	$320,920 +4.5%
2011	$6,466 +5%	$306,966 +10%
2010	$6,158 -8.8%	$279,060 -15%
2009	$6,753 -17.4%	$328,300 -19%
2007	$8,177 +58.3%	$405,310
2006	$5,164	--
2005	$5,164 -1.9%	--
2004	$5,263 +13.5%	--
2003	$4,637 +16.1%	--
2002	$3,995	--
2001	$3,995	--