Building facts
- Address
- 5875 Collins Avenue
- Neighborhood
- Miami Beach
- Year built
- 2008
- Floors
- 22
- Residences
- 135
- Status
- Completed
- Developer
- PMG Collins
- Pricing
- Starting at $850,000
Verified 18 August 2026Miami-Dade County Property Appraiser1 source
Mei Miami Beach — photography to follow
On recorded 2026 sales this building runs $1,025 per square foot — more expensive than 80 of the 117 buildings on the Miami Condo Index. Figures are closed sales from the Miami-Dade County Property Appraiser, not asking prices. Hover or tap a colour to see the split.
Key Takeaways
- 2026 looks like a 55% collapse. It is not — every sale this year has been a small home — the median sale fell from $1,837,500 in 2025 to $825,000, but the median home sold went from 1,323 sq ft to 833. Not one 2026 sale is larger than 1,084 sq ft, against a building median of 1,322.
- Only four qualified sales in 2026, so no four-year change is published — between 2023 and 2025, on samples of seven and six, the building rose 24.4% per square foot — direction plausible, magnitude uncertain.
- 132 homes with no dominant floorplan — the five most common plans hold 16 or 17 homes each. That makes the mix unusually free to swing from year to year, which is exactly what has happened.
- The four-year band is wide and both ends are disclosed — $672 to $2,231 per sq ft around a median of $1,245. The high was $3,850,000 for 1,725 sq ft in April 2023; the low was $560,000 for 833 sq ft in January 2026, 46.0% below the median rate.
- One home in 22 changes hands each year — 24 qualified sales across four years on 132 homes.
- The record is $5,000,000 — paid in May 2021 for the building’s largest home at 3,047 sq ft — $1,641 per square foot.
Mei Miami Beach, by the numbers
Developer: PMG Collins · Starting at $850,000. Source: the building record on this site.
5875 Collins Avenue, Miami Beach, Florida 33140 | Neighborhood: Miami Beach
What is actually in the building
The county returns 132 folios for 5875 Collins Avenue, and all 132 are homes — no commercial units, no parking or storage folios, no reference folio. That is unusually clean and it means every figure below rests on the whole building.
The homes run 778 sq ft to 3,047 sq ft, with a median of 1,322. The mix is 24 one-bedrooms, 74 two-bedrooms, 33 three-bedrooms and a single four-bedroom. For 2026 the county assesses them between $451,368 and $3,773,651, median $1,170,000.
What matters most for reading the price record is what the building does not have: a dominant floorplan. The five most common plans hold 17, 17, 17, 17 and 16 homes — an even spread rather than one plan setting the tone. In a building like The Floridian, where 59% of homes sit on two plans, the mix of what sells is fairly stable year to year. Here it is free to swing, and it does.
The price record
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 7 | $1,290,000 | $1,096 |
| 2024 | 7 | $1,490,000 | $1,320 |
| 2025 | 6 | $1,837,500 | $1,363 |
| 2026 to date | 4 | $825,000 | $1,025 |
Only four qualified sales have been recorded in 2026, so no four-year change is published for this building and it carries a dash in my Miami Condo Index. Across 2023 to 2025 the building rose 24.4% per square foot, from $1,096 to $1,363 — but on seven sales and then six, I would call that direction plausible and the magnitude unproven.
The four-year band runs $672 to $2,231 per square foot, median $1,245, and I want to name both ends rather than let them sit inside an average. The high is $3,850,000, paid on 10 April 2023 for a 1,725 sq ft home — $2,232 per sq ft, 79.3% above the building’s median rate. The low is $560,000, on 7 January 2026 for an 833 sq ft home — $672 per sq ft, 46.0% below it. Both are recorded by the county as qualified transactions and both remain in the counts, but neither should be used as a comparable without an explanation.
The record is $5,000,000, paid in May 2021 for the building’s single largest home at 3,047 sq ft — $1,641 per square foot. Liquidity is average: 24 qualified sales against 132 homes, about one home in 22 per year.
Why 2026 looks like a collapse and is not
Take the median price column at face value and this building fell 55.1% in a year — $1,837,500 in 2025 to $825,000 in 2026. That would be one of the most dramatic declines anywhere in Miami Beach. It has not happened.
Here is every qualified sale recorded in 2026:
| Date | Size | Price | $/sq ft |
|---|---|---|---|
| 7 January 2026 | 833 sq ft | $560,000 | $672 |
| 28 January 2026 | 833 sq ft | $825,000 | $990 |
| 3 April 2026 | 778 sq ft | $825,000 | $1,060 |
| 8 May 2026 | 1,084 sq ft | $1,400,000 | $1,292 |
Every one of them is a small home. The largest is 1,084 sq ft against a building median of 1,322, and the median home sold in 2026 was 833 sq ft — 37.0% smaller than 2025’s 1,323. The building has 33 three-bedrooms and a 3,047 sq ft home; not one of them has traded this year.
Control for size and the picture is far less dramatic: median price per square foot went from $1,363 to $1,025, a fall of 24.8%. That is still a real move and I am not going to explain it away — but a quarter of it is the one low January sale at $672 per sq ft, and the whole figure rests on four transactions in an incomplete year. Four sales cannot establish where a 132-home building is.
This is the single most common way a condo building gets misreported, and this is the most extreme example I have measured: a 55% headline that is mostly a 37% change in what happened to sell.
Who this building suits, and who it does not
It suits a buyer who wants a mid-sized home on Collins Avenue with a genuine spread of choice. With no dominant floorplan and a range from 778 to 3,047 sq ft, this is a building where you can actually shop — 74 two-bedrooms and 33 three-bedrooms give real optionality, which many towers of this size do not.
It suits badly a buyer who wants certainty from the record. Twenty-four sales in four years, no dominant plan, and a per-foot band running from $672 to $2,231 means the honest range for any particular home here is wide. You will need to value on the specific home rather than on the building.
It also suits badly anyone selling a larger home who reads the 2026 figures and panics. Nothing above 1,084 sq ft has traded this year — the market for your home has not been tested, in either direction.
If you are selling here, the 2026 numbers are your problem and your opportunity. A buyer’s agent will open with $825,000 as this year’s median and the 55% fall as the story. Both are true and neither describes your home unless it is under 1,100 sq ft. The counter is on the public record and it is simple: every 2026 sale in this building was a small home, the largest was 1,084 sq ft, and the per-foot figure fell 24.8% rather than 55% — on four transactions. If your home is a three-bedroom, there is no 2026 comparable for it at all, and you should say so before anyone prices you off one.
Mei Miami Beach — Frequently Asked Questions
Did prices at Mei Miami Beach fall 55% in 2026?
No. The median sale price fell from $1,837,500 to $825,000, but every qualified sale recorded in 2026 was a small home — the largest was 1,084 sq ft against a building median of 1,322, and the median home sold was 833 sq ft, 37.0% smaller than in 2025. Measured per square foot the fall is 24.8%, on four transactions in an incomplete year.
How much does a home at Mei Miami Beach sell for?
Over the four years to August 2026 the building cleared a median $1,245 per square foot, in a wide band from $672 to $2,231. Homes range from 778 to 3,047 sq ft, so the specific home matters more here than the building average.
Have prices at Mei gone up or down?
Between 2023 and 2025 the building rose 24.4% per square foot, from $1,096 to $1,363, though on samples of seven and six sales. 2026 has recorded only four sales, all of small homes, so no four-year change is published and the index shows a dash.
How many units are in Mei Miami Beach?
The county records 132 folios at the address and every one is a home — 24 one-bedrooms, 74 two-bedrooms, 33 three-bedrooms and one four-bedroom. There are no commercial, parking or storage folios.
What is the highest price ever paid at Mei?
$5,000,000, in May 2021, for the building’s largest home at 3,047 sq ft — $1,641 per square foot. The highest rate recorded is $2,232 per sq ft, paid in April 2023 for a 1,725 sq ft home at $3,850,000.
Why is the price per square foot range so wide?
Partly because homes here run from 778 to 3,047 sq ft, and partly because no floorplan dominates — the five most common hold only 16 or 17 homes each. That leaves the mix of what sells free to swing from year to year, which is what makes the annual medians move so much.
How often do homes here change hands?
The county records 24 qualified sales in the four years to August 2026 against 132 homes — about one home in 22 per year.
Sources and further reading
Interested in selling at Mei Miami Beach?
Learn more about selling your condo at Mei Miami Beach with Josh Stein.
Thinking about Mei Miami Beach?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comRelated coverage
Part of Miami Luxury Condos.