2642 COLLINS AVE 503, Miami Beach, FL 33140

Parcel: 0232260460120 · Residential · Condominium - Residential · Zoning: 6501

Assessed Value (2025)
$262,007

Property Details

Beds
2
Baths
2
Living Sqft
1,020
Year Built
1998
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$169,000
2000-08-01
2
$309,370+83%
2014-02-27
ALINA GRASSO & DIONNE GRASSOMATT XHEMAJLI
3
$100non-market transfer
2015-06-29
MATT XHEMAJLIARITA SHEREMETI

Tax Assessment History

$262,007
Assessed (2025)
$412,916
Market Value
$211,285
Taxable Value
$4,302
Annual Tax
2024
$254,623
$382,330
2025
$262,007
$412,916
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $262,007 $412,916 $211,285 $4,302
2024 $254,623 $382,330 $204,623 $4,166

About 2642 COLLINS AVE 503, Miami Beach, FL 33140

2642 COLLINS AVE 503, Miami Beach, FL 33140 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1998 with 1,020 square feet of living space. The property is currently owned by ARITA SHEREMETI, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2015-06-29 for $100, when MATT XHEMAJLI sold to ARITA SHEREMETI. The property sold for $309,270 less than the prior sale of $309,370 on 2014-02-27. There are 3 recorded sales for this property.

The 2025 assessed value is $262,007 with a market value of $412,916. The assessed value increased 3% from $254,623 in 2024. The property has the following tax exemptions: homestead.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $-666,666,666, and the median home value is $487,600.

The population density is 12,994 people per square mile. There are active mortgage liens totaling $156,986 recorded against this property. 2642 COLLINS AVE 503, 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 2000 to 2015, with 3 recorded transactions in the public record..

Current Owner

ARITA SHEREMETI
2642 COLLINS AVE 503, MIAMI BEACH, FL, 33140
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$2,496 — $4,468
Flood $400 — $800
Property/Wind $2,096 — $3,668

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$-666,666,666
Median Home Value$487,600
Pop. Density12,994/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
$200,001
~$156,986 bal.
FREEDOM MORTGAGE CORP · 2021-08-31
Est. Total Balance $156,986
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales