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Off market
  • $1,766,700

    5500 Collins Ave APT 1602, Miami Beach, FL 33140

    2beds
    2,827sqft
    Condominium
    Built in 1974
    -- sqft lot
    $1,766,700 Zestimate®
    $625/sqft
    $7,350 Estimated rent

    Home value

    $1,766,700

    $1.52M - $2.07M

    $7,350/mo

    Zestimate® history
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    $15,690/mo

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    What's special

    Indian creek canalTennis courtBiscayne bayFitness roomSpectacular sunsetsSoho houseFull-service condo

    Incredible opportunity to bring your designer/architect to redesign this special space and make it your own! This almost 3,000 SF unit has breathtaking open water views of the Indian Creek canal, Biscayne Bay and the Miami skyline. Enjoy spectacular sunsets and boats cruising by from your large newly renovated balcony. Currently configured as a 2-Bed, 3.5-Bath, it is easy to convert to a 3-Bed. Towerhouse is a full-service condo with 24hr front desk, concierge, valet, in-house restaurant, pool, fitness room and tennis court! Prime Miami Beach location on “Millionaire’s Row” across from the beach, near Fontainebleau Hotel, Soho House and Faena District. Only minutes to Bal Harbour and South Beach, as well as easy access to Miami Intl. Airport. *Some images have been virtually staged.*

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Cohen PA 305-610-7187,

    Douglas Elliman

    Bought with:

    Frank Lustig, 3472631

    Compass Florida, LLC

    Source: MIAMI,MLS#: A11360145MLS LogoOriginating MLS: A-Miami Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • None
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Electric Range, Oven, Washer
    Features
    • Other
    • Flooring: Other
    • Windows: Clear Impact Glass
    Interior area
    • Total structure area: 2,827
    • Total interior livable area: 2,827 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: 2 Or More Spaces
    • Garage spaces: 2
    Features
    • Exterior features: Other
    • Pool features: Association
    • Has view: Yes
    • View description: Bay, Canal, Skyline
    • Has water view: Yes
    • Water view: Bay,Canal
    • Waterfront features: Ocean Access, Waterfront
    Details
    • Parcel number: 0232140080570

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Other
    Condition
    • Year built: 1974

    Community & HOA

    Community
    • Security: Smoke Detector, Doorman, Lobby Secured
    • Application fee: $100
    • Subdivision: Towerhouse Condo
    HOA
    • Has HOA: Yes
    • Amenities included: Fitness Center, Pool, Tennis Court(s)
    • HOA fee: $3,495 monthly
    Location
    • Region: Miami Beach

    Financial & listing details

    • Price per square foot: $625/sqft
    • Tax assessed value: $1,346,275
    • Annual tax amount: $15,913
    • Date on market: 3/22/2023
    • Listing terms: All Cash,Conventional

    Price history

    DateEventPrice
    6/30/2023Sold$1,350,000-12.9%$478/sqft
    Source: MIAMI #A11360145 Report a problem
    6/5/2023Pending sale$1,550,000$548/sqft
    Source: MIAMI #A11360145 Report a problem
    5/16/2023Price change$1,550,000-13.6%$548/sqft
    Source: MIAMI #A11360145 Report a problem
    3/22/2023Listed for sale$1,795,000$635/sqft
    Source: MIAMI #A11360145 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,010 +2.8%$1,108,253 +2.9%
    2024$19,464 -0.1%$1,077,020 +22%
    2023$19,486 +22.5%$882,695 +10%
    2022$15,913 +13%$802,450 +10%
    2021$14,085 -0.3%$729,500
    2020$14,123 -19.6%$729,500 -14%
    2019$17,574 +13.6%$847,863 +10%
    2018$15,474 $770,785 +10%
    2017$15,474 -6%$700,714 +10%
    2016$16,454 +17.2%$637,013 +10%
    2015$14,040 +17.9%$579,103 +10%
    2014$11,911 +33.7%$526,458 +10%
    2013$8,906 $478,599 +10%
    2012$8,906 -1.1%$435,090
    2011$9,006 -6.2%$435,090
    2010$9,601 -24.9%$435,090 -30%
    2009$12,786 -18.4%$621,560 -20%
    2007$15,675 +32.9%$776,950
    2006$11,798 --
    2005$11,798 -1.9%--
    2004$12,023 -1.3%--
    2003$12,183 +31.3%--
    2002$9,278 --
    2001$9,278 --
    Find assessor info on the county website

    Neighborhood: Oceanfront

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,766,700
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    Estimated market value
    $1,766,700