5601 COLLINS AVE 825, Miami Beach, FL 33140
Parcel: 0232110623170 · Residential · Condominium - Residential · Zoning: 4100
Assessed Value (2025)
$496,092
Property Details
Beds
2
Baths
2
Living Sqft
1,460
Year Built
1968
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL
Sales History
1
N/Anon-market transfer
1999-10-01
2
$380,000
2014-04-25
JAMES F CHAMBLESS → MALAU INVESTMENT CORP
3
$418,000+10%
2021-06-17
MALAU INVESTMENT CORP → PICAZO LLC
Tax Assessment History
$496,092
Assessed (2025)
$557,221
Market Value
$496,092
Taxable Value
$10,100
Annual Tax
2024
$450,993
$557,221
2025
$496,092
$557,221
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $496,092 | $557,221 | $496,092 | $10,100 | $0 | $0 |
| 2024 | $450,993 | $557,221 | $450,993 | $9,182 | $0 | $0 |
About 5601 COLLINS AVE 825, Miami Beach, FL 33140
5601 COLLINS AVE 825, Miami Beach, FL 33140 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1968 with 1,460 square feet of living space. The property is currently owned by PICAZO LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2021-06-17 for $418,000, when MALAU INVESTMENT CORP sold to PICAZO LLC. The property has appreciated $38,000 (10%) since the prior sale of $380,000 on 2014-04-25. There are 3 recorded sales for this property.
The 2025 assessed value is $496,092 with a market value of $557,221. The assessed value increased 10% from $450,993 in 2024. The median household income in this area is $104,453, and the median home value is $721,300.
The population density is 22,511 people per square mile. There are active mortgage liens totaling $246,653 recorded against this property. 5601 COLLINS AVE 825, Miami Beach, FL 33140 is located in Miami Beach, Florida.
Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1999 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 119% of the most recent sale price.
Based on the most recent sale, this property traded at $286 per square foot — a key metric for comparing value across Miami Beach's real estate market..
Current Owner
PICAZO LLC
5601 COLLINS AVE 1511, MIAMI BEACH, FL, 33140
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$6,353 — $11,714
Flood $400 — $800
Property/Wind $5,953 — $10,914
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$104,453
Median Home Value$721,300
Pop. Density22,511/sq mi
Neighborhood 33140
27%
Owner-Occ
73%
Investor
2,819
Flips (4yr)
4,853
New Biz (3yr)
Distress Risk
MODERATE
31
Mortgages
ACTIVE
$255,000
CITADEL SERVICING CORPORATION · 2023-06-22
Est. Total Balance $246,653
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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