Sold for $1,100,000

$1,100,000

5500 Collins Ave APT 503, Miami Beach, FL 33140

2beds

2,827sqft

Condominium

Built in 1974

-- sqft lot

$1,520,000 Zestimate^®

$389/sqft

$7,133 Estimated rent

Home value

$1,520,000

$1.28M - $1.81M

$7,133/mo

Zestimate^® history

Owner options

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$7,133/mo

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$7,133/mo

Rent Zestimate^®

Refinance and save

$7,593/mo

Est. payment

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$7,593/mo

Est. payment

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What's special

Downtown miamiPrivate restaurantTower houseFull-service buildingHurricane-impact windows

Presenting a unit with unlimited Floorplan potential and unobstructed views of Miami Beach Intracoastal, Biscayne Bay, and downtown Miami. This spacious floorplan has large living areas, perfect for entertaining with hurricane-impact windows and doors. The Tower House is a full-service building with a doorman and Concierge, 24-hour services, a private restaurant, and many more amenities.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: Family Room, Florida Room

Heating

Electric

Cooling

Electric

Appliances

Included: Trash Compactor, Dishwasher, Dryer, Electric Range, Refrigerator, Washer

Features

Built-in Features, Closet Cabinetry, Elevator, Volume Ceilings, Walk-In Closet(s)
Flooring: Ceramic Tile, Other
Doors: High Impact Doors
Windows: Clear Impact Glass, Complete 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, No Trucks/Trailers
Garage spaces: 2

Features

Entry location: First Floor Entry
Exterior features: Balcony
Spa features: Community
Has view: Yes
View description: Canal, Intracoastal View, Ocean, Pool, Skyline, Tennis Court View, Water
Has water view: Yes
Water view: Canal,Intracoastal View,Ocean,Water
Waterfront features: Canal Width 121 Feet Or More, Ocean Access, Bay
Frontage type: Bay/Harbor

Details

Parcel number: 0232140080180

Construction

Type & style

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

Materials

Block, CBS Construction

Condition

Year built: 1974

Utilities & green energy

Green energy

Energy efficient items: Windows

Community & HOA

Community

Security: Complex Fenced, Other, TV Camera
Application fee: $100
Subdivision: Towerhouse Condo

HOA

Has HOA: Yes
Amenities included: Bar, Bike Storage, Boat Dock, Barbecue, Spa/Hot Tub

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $389/sqft
Tax assessed value: $1,218,750
Annual tax amount: $15,886
Date on market: 6/23/2023
Listing terms: All Cash,Conventional,FHA

Price history

Date	Event	Price
9/18/2023	Sold	$1,100,000-8.3%$389/sqft
Source: MIAMI #A11390861 Report a problem
8/22/2023	Contingent	$1,200,000$424/sqft
Source: MIAMI #A11390861 Report a problem
7/17/2023	Listed for sale	$1,200,000$424/sqft
Source: MIAMI #A11390861 Report a problem
7/12/2023	Pending sale	$1,200,000$424/sqft
Source: MIAMI #A11390861 Report a problem
6/23/2023	Listed for sale	$1,200,000+215.8%$424/sqft
Source: MIAMI #A11390861 Report a problem
12/13/1994	Sold	$380,000$134/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$21,090 +15.1%	$1,072,500 +10%
2024	$18,322 -4.8%	$975,000 +4.8%
2023	$19,238 +21.1%	$930,050 +10%
2022	$15,886 +105.7%	$845,500 +91.8%
2021	$7,722 +1.2%	$440,876 +1.4%
2020	$7,628 +2.4%	$434,789 +2.3%
2019	$7,446 +5.3%	$425,014 +1.9%
2018	$7,071	$417,090 +2.1%
2017	$7,071 +1%	$408,512 +2.1%
2016	$7,002 -1%	$400,110 +0.7%
2015	$7,072 -1.7%	$397,329 +0.8%
2014	$7,192 +2.8%	$394,176 +1.5%
2013	$6,993	$388,351 +1.7%
2012	$6,993 -1.1%	$381,860
2011	$7,069 -6.1%	$381,860
2010	$7,529 +6%	$381,860 -0.9%
2009	$7,102 +0.9%	$385,506 +10.5%
2007	$7,039 -11.9%	$348,904
2006	$7,992	--
2005	$7,992 +1.3%	--
2004	$7,890 +3.3%	--
2003	$7,636 +2.6%	--
2002	$7,440	--
2001	$7,440	--