5700 COLLINS AVE 16C, Miami Beach, FL 33140

Parcel: 0232110650390 · Residential · Condominium - Residential · Zoning: 4100

Assessed Value (2025)
$336,058

Property Details

Beds
2
Baths
2
Living Sqft
1,030
Year Built
1968
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$455,000
2006-03-01
2
$269,000-41%
2009-01-29
MONICA POSADAPHYLLIS TRACHTENBURG &H
3
$375,000+39%
2021-06-30
PHYLLIS TRACHTENBURG &HFRANKLIN RESTREPO

Tax Assessment History

$336,058
Assessed (2025)
$399,517
Market Value
$285,336
Taxable Value
$5,809
Annual Tax
2024
$326,587
$380,492
2025
$336,058
$399,517
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $336,058 $399,517 $285,336 $5,809
2024 $326,587 $380,492 $276,587 $5,631

About 5700 COLLINS AVE 16C, Miami Beach, FL 33140

5700 COLLINS AVE 16C, Miami Beach, FL 33140 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1968 with 1,030 square feet of living space. The property is currently owned by FRANKLIN RESTREPO MARGARITA LATORRE, 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 2021-06-30 for $375,000, when PHYLLIS TRACHTENBURG &H sold to FRANKLIN RESTREPO. The property has appreciated $106,000 (39%) since the prior sale of $269,000 on 2009-01-29. There are 3 recorded sales for this property.

The 2025 assessed value is $336,058 with a market value of $399,517. The assessed value increased 3% from $326,587 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $97,167, and the median home value is $577,400. The population density is 25,325 people per square mile. There are active mortgage liens totaling $141,313 recorded against this property.

5700 COLLINS AVE 16C, 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 2006 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 90% of the most recent sale price. Based on the most recent sale, this property traded at $364 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

FRANKLIN RESTREPO MARGARITA LATORRE
5700 COLLINS AVE UNIT 16C, MIAMI BEACH, FL, 33140
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$4,432 — $8,193
Flood $400 — $800
Property/Wind $4,032 — $7,393

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$97,167
Median Home Value$577,400
Pop. Density25,325/sq mi

Neighborhood 33140

27%
Owner-Occ
73%
Investor
2,819
Flips (4yr)
4,853
New Biz (3yr)
Distress Risk
MODERATE
31
View full risk analysis →

Mortgages

ACTIVE
$150,000
~$141,313 bal.
PARAMOUNT RESIDENTIAL MORTGAGE GROUP INC · 2021-08-09
Est. Total Balance $141,313
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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