5601 COLLINS AVE PH-1, Miami Beach, FL 33140

5601 COLLINS AVE PH-1, Miami Beach, FL 33140 is a 3-bedroom, 2.5-bathroom residential - total value : condominium - residential built in 1968 with 3,270 square feet of living space. The property is currently owned by GEORGE SCHELL LORENA PAZMINO SCHELL, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2016-09-30 for $2,170,800, when BANON5 LLC sold to GEORGE SCHELL. The property has appreciated $1,259,900 (138%) since the prior sale of $910,900 on 2015-06-05. There are 3 recorded sales for this property.

The 2025 assessed value is $471,795 with a market value of $860,290. The assessed value increased 3% from $458,499 in 2024. The property has the following tax exemptions: homestead.

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 $175,000 recorded against this property.

5601 COLLINS AVE PH-1, 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 2012 to 2016, with 3 recorded transactions in the public record.

The current assessed value represents 22% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $664 per square foot — a key metric for comparing value across Miami Beach's real estate market..