5161 COLLINS AVE 206, Miami Beach, FL 33140
Parcel: 0232140240760 · Residential · Condominium - Residential · Zoning: 4100
Assessed Value (2025)
$465,407
Property Details
Beds
2
Baths
2
Living Sqft
1,030
Year Built
1966
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL
Sales History
1
N/Anon-market transfer
1999-02-01
2
$282,500
2009-11-16
CYNTHIA M CALDEVILLA → RIZWAN BHAILA
3
$100non-market transfer
2012-08-02
RIZWAN BHAILA → RIZWAN BHAILA TRS
Tax Assessment History
$465,407
Assessed (2025)
$465,407
Market Value
$465,407
Taxable Value
$9,475
Annual Tax
2024
$506,578
$578,860
2025
$465,407
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $465,407 | $465,407 | $465,407 | $9,475 | $0 | $0 |
| 2024 | $506,578 | $578,860 | $506,578 | $10,314 | $0 | $0 |
About 5161 COLLINS AVE 206, Miami Beach, FL 33140
5161 COLLINS AVE 206, Miami Beach, FL 33140 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1966 with 1,030 square feet of living space. The property is currently owned by RIZWAN BHAILA TRS RIZWAN BHAILA, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2012-08-02 for $100, when RIZWAN BHAILA sold to RIZWAN BHAILA TRS. The property sold for $282,400 less than the prior sale of $282,500 on 2009-11-16. There are 3 recorded sales for this property.
The 2025 assessed value is $465,407 with a market value of $465,407. The assessed value decreased 8% from $506,578 in 2024. 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. 5161 COLLINS AVE 206, 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 2012, with 3 recorded transactions in the public record..
Current Owner
RIZWAN BHAILA TRS RIZWAN BHAILA
5161 COLLINS AVE #206, MIAMI BEACH, FL, 33140
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$5,984 — $11,038
Flood $400 — $800
Property/Wind $5,584 — $10,238
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$120,481
Median Home Value$657,000
Pop. Density19,740/sq mi
Neighborhood 33140
27%
Owner-Occ
73%
Investor
2,819
Flips (4yr)
4,853
New Biz (3yr)
Distress Risk
MODERATE
31
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