5255 COLLINS AVE L5, Miami Beach, FL 33140

5255 COLLINS AVE L5, Miami Beach, FL 33140 is a residential - total value : condominium - residential built in 1963 with 602 square feet of living space. The property is currently owned by GUSTAVO A VERITE LEONOR VERITE, 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 2021-11-18 for $85,000. The property sold for $100,000 less than the prior sale of $185,000 on 2021-11-18. There are 5 recorded sales for this property.

The 2025 assessed value is $123,322 with a market value of $218,740. The assessed value increased 3% from $119,847 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $120,481, and the median home value is $657,000. The population density is 19,740 people per square mile. 5255 COLLINS AVE L5, 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 2019 to 2021, with 5 recorded transactions in the public record. The current assessed value represents 145% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $141 per square foot — a key metric for comparing value across Miami Beach's real estate market..