5005 Collins Avenue

5005 Collins Avenue is a condo located in Oceanfront, Miami Beach. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! On weekends, residents can enjoy the building's deck. Only dogs are allowed in the building. There are 54 closings on record, of which we have matching data for 9 listings. In the past 3 years, a listing in this building will typically remain on the market for about 145 days and tend to sell below the original asking price of $485,000 by 13.75%. Meaning, listings tend to sell at a median of $466 price per square foot. The transaction that took the longest to complete was unit 807, listed on Jun 25, 2019 for $435,000. This particular unit ultimately sold 342 days later for $375,000. The most recent transaction was for unit 1109, which was first advertised on Apr 14, 2023, sold for $440,000 on Sep 07, 2023. Fun fact, the oldest transaction we have on record took place on Jul 02, 1993. See the full transaction history for 5005 Collins Avenue below.

Oceanfront, where 5005 Collins Avenue is located, has a median asking price of $650,000 for condo buildings. Meanwhile, the building itself has a median asking price of $485,000. For interested buyers, that means the building's median asking price is around 0.25% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 24 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $990,000. It is a 1,245 sqft 2 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $235,000. It is a 0 bathroom unit. A breakdown of active listings shows no studio, 14 one-bedroom, 6 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $427,450. Collectively, the median square footage of these active units for sale is 942 sqft. Active units for sale at 5005 Collins Avenue have a median count of 1 bedrooms and have a median count of 1 bathroom.