5875 COLLINS AVE 703, Miami Beach, FL 33140
Parcel: 0232140310410 · Residential · Condominium - Residential · Zoning: 4100
Assessed Value (2025)
$1,036,819
Property Details
Beds
2
Baths
2.5
Living Sqft
1,094
Year Built
2008
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL
Sales History
1
$535,000
2009-07-13
PMG COLLINS LLC → RENATO H DEL GROSSO
2
$100non-market transfer
2013-03-22
RENATO H DEL GROSSO → HML MEI CORP
3
$1,285,000
2024-09-03
HML MEI CORP → ARISHA PATEL TRS
4
$1,285,000
2024-09-05
Tax Assessment History
$1,036,819
Assessed (2025)
$1,036,819
Market Value
$1,036,819
Taxable Value
$21,109
Annual Tax
2024
$719,680
$1,036,819
2025
$1,036,819
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $1,036,819 | $1,036,819 | $1,036,819 | $21,109 | $0 | $0 |
| 2024 | $719,680 | $1,036,819 | $719,680 | $14,652 | $0 | $0 |
About 5875 COLLINS AVE 703, Miami Beach, FL 33140
5875 COLLINS AVE 703, Miami Beach, FL 33140 is a 2-bedroom, 2.5-bathroom residential - total value : condominium - residential built in 2008 with 1,094 square feet of living space. The property is currently owned by ARISHA PATEL TRS SHIVSHA TRUST, 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 2024-09-05 for $1,285,000. There are 4 recorded sales for this property. The 2025 assessed value is $1,036,819 with a market value of $1,036,819.
The assessed value increased 44% from $719,680 in 2024. 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 $882,359 recorded against this property. 5875 COLLINS AVE 703, 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 2009 to 2024, with 4 recorded transactions in the public record. The current assessed value represents 81% of the most recent sale price. Based on the most recent sale, this property traded at $1175 per square foot — a key metric for comparing value across Miami Beach's real estate market..
Current Owner
ARISHA PATEL TRS SHIVSHA TRUST
5875 COLLINS AVE 703, MIAMI, FL, 33140
Since: 2026-04-19
View owner profile →
People Behind This Entity
Est. Annual Insurance
$6,620 — $11,168
Flood $400 — $800
Property/Wind $6,220 — $10,368
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$104,453
Median Home Value$721,300
Pop. Density22,511/sq mi
Neighborhood 33140
27%
Owner-Occ
73%
Investor
2,819
Flips (4yr)
4,853
New Biz (3yr)
Distress Risk
MODERATE
31
Mortgages
ACTIVE
$899,500
BANK OF AMERICA NA · 2024-09-05
Est. Total Balance $882,359
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales