5005 COLLINS AVE 1224, Miami Beach, FL 33140

5005 COLLINS AVE 1224, Miami Beach, FL 33140 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1964 with 1,350 square feet of living space. The property is currently owned by EDWARD F CANNON TRS, 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 2011-04-29 for $56,500, when EDWARD F CANNON &W DIANNE F sold to DIANNE CANNON TRS. The property sold for $76,800 less than the prior sale of $133,300 on 1990-03-01. The 2025 assessed value is $188,405 with a market value of $483,588.

The assessed value increased 3% from $183,096 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. 5005 COLLINS AVE 1224, 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 1990 to 2011, with 2 recorded transactions in the public record. The current assessed value represents 333% 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 $42 per square foot — a key metric for comparing value across Miami Beach's real estate market..