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Buildings/Miami Beach/MEI CONDO

Luxury

MEI CONDO

5875 COLLINS AVE, Miami Beach 33140

★ 4.4

2008

Year Built

132

Units

CI Score

Moderate

For Sale

$2.2M

Avg Price

$1,143

Sale $/SF

For Rent

$16,000

Avg Rent

$11.37

Rent $/SF

+5.4%

YoY

For Sale

For Rent

Investor-Owned

82%

Avg HOA

$2,987.5/mo

MEI Condo is a 132-unit residential building located on Collins Avenue in Miami Beach, built in 2008. The property offers a range of floor plans from 1 to 4 bedrooms, with unit sizes spanning 778 to 3,047 square feet, catering to diverse buyer preferences. With an average price per square foot of $1,184.06 and consistent rental activity, it represents an established option in the Miami Beach market.

Building Details

Address

5875 COLLINS AVE, Miami Beach, 33140

Neighborhood

Miami Beach

Year Built

2008

Total Units

132

Avg Unit Sqft

1,310 SF

Tier

Luxury

Avg $/SF

$1,142.84

Avg Rent

$16,000/mo

Rent $/SF

$11.37/SF

HOA Range

$2,252 – $4,267

Google Rating

4.4 (90 reviews)

Neighborhood Rank

Top 100%

Avg Unit Value

$1.6M

Total Sales (All-Time)

387

Phone

(305) 867-8222

Amenities

PoolFitness CenterLobbyElevatorParking GarageSecurity

Investment Analysis

Yield Metrics

Rental Yield (annualized)16.8%

YoY Appreciation+5.4%

Total Yield103.2%

Liquidity & Demand

Closed Sales (120d)3

Days on Market27 days

Months of Inventory12.0

Sale-to-List Ratio0.9%

Market Data

Sale Price Trend ($/SF)

$1,060

-21.0%

Rental Price Trend ($/SF)

$8.23

+32.1%

Building Activity

Days on Market

days

Selling fast

Months of Inventory

12.0

months

Buyer's market

Sale-to-List Ratio

93.5%

Fair negotiation

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Moderate activity

Sales & Listings

Active Listings

For Sale (6)

$1.1M

Unit 906

1 bd2 ba833 sf

$1381/SF1 DOM

$1.5M

Unit 201

1 bd2 ba1,126 sf

$1328/SF305 DOM

$1.5M

Unit 1003

2 bd3 ba1,094 sf

$1398/SF95 DOM

$1.9M

2 bd3 ba1,094 sf

$1737/SF194 DOM

$2.2M

Unit 501

2 bd3 ba1,322 sf

$1660/SF98 DOM

$2.3M

2 bd3 ba1,556 sf

For Rent (3)

$12K

Unit PH-7

1 bd3 ba1,323 sf

$9/SF27 DOM

$16K

Unit 1008

3 bd4 ba1,742 sf

$9/SF12 DOM

$28K

3 bd4 ba1,725 sf

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Feb 19, 2026	$825K	$990.4	1/2	833
Jan 5, 2026	$2.4M	$1,377.73	3/4	1,742
Aug 22, 2025	$1.5M	$1,348.26	2/3	1,094
Aug 13, 2025	$1.5M	$1,348.26	2/2	1,094
Jun 27, 2025	$1.8M

Units & Ownership

Total Units

132

Avg Sqft

1,310 SF

Avg Assessed

$1.3M

Owner-Occupied

18%

Tax & Ownership

Investor-Owned

82%

Owner-Occupied

18%

Avg Assessed Value

$1.3M

Avg Taxable Value

$1.3M

Effective Year Built

2008

Zoning

4100

Unit Mix

1 BR24

Avg 829 SF

2 BR74

Avg 1,253 SF

3 BR33

Avg 1,734 SF

4 BR1

Avg 3,047 SF

Unit Directory

Showing 10 of 132 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
201	1	1	1,084	$1.3M	—	$1.1M	$969	Dec 2021
202	1	1	1,084	$800K	✓	$1.1M	$1,000	Sep 2015
401	2	2	2,168	$2.3M	✓	$2.7M	$1,245	Nov 2020
501	2	2	1,322	$1.8M	—	$1.9M	$1,437	Feb 2025
502	3	3	1,725	$2.7M	—	$2.3M	$1,348	Sep 2024
503	2	2	1,094	$1.0M	—	$1.3M	$1,179	Mar 2023
504	1	1	778	$440K	✓	$405K	$521	Jan 2021
505	2	2	1,097	$811K	—	$585K	$533	May 2009
506	1	1	833	$542K	—	$745K	$894	Jul 2015
507	2	2	1,323	$1.1M	—	$1.5M	$1,134	Apr 2025

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MEI CONDO

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

Photos

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