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221 Collins Ave, Miami Beach, FL 33139
$8,900,000
221 Collins Ave, Miami Beach, FL 33139View this property at 221 Collins Ave, Miami Beach, FL 33139
221 Collins AveMiami BeachFL33139
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Property Description
SOUTH OF FIFTH - RENOVATED SHORT-TERM RENTAL BUILDING SLEEPS 48 GUESTS This historic Art Deco apartment building has been transformed into a luxury short-term rental property featuring 8 furnished, carefully curated two-bedroom/two-bathroom suites in Miami Beach's sought-after South of Fifth neighborhood, one block from Ocean Drive and the beach. The units offer 875+/- SF of modern living space with impact windows and doors, and stainless steel appliances, each sleeping 6 guests. Other improvements include a new roof, new plumbing and electrical systems, new kitchens and bathrooms. Brand new renovation with all new furniture, fixtures, artwork. Totally turnkey and ready for an investor or operator in a world-class destination. The building has been recertified until 2032.
Full Property Details
Full Property Details for 221 Collins Ave
General
- Sold For: $8,900,000
- Taxes: $81,617 (2023)
- Status: Closed
- Type: Commercial Service
- MLS ID: A11430048
- Added to Site: 303 day(s) ago
Business
- Business Type: Apartments
Interior
- Flooring: Ceramic Floor
Location
- County: Miami-Dade County
- Building Name: Collinaire Luxury Suites
- Driving Directions: Collins Avenue between 2nd and 3rd Streets
Community
- Units Assoc/Comm: 8
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Building A/C
Utilities
- Sewer: Public Sanitation
- Water: Public
Structural Information
- # Buildings: 1
- Structure Type: Free Standing, Hotel/Motel, Hotel
- Detached/Attached: Detached
- Construction: CBS Construction
- Windows: Complete Impact Glass
- Stories/Levels: 2
- Building Size: 10144
- Year Built: 1922
Unit Information
- Units in Complex: 8
Lot Features
- Lot Size (Sq. Ft.): 6,500
- Potential Use: Investment
- Zoning: 3003
Financial Considerations
- Tax Amount: $81,617
- Tax Year: 2023
- Terms: All Cash
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Sale
- Legal Description: OCEAN BEACH FLA SUB PB 2-38 LOT 11 BLK 3 LOT SIZE 6500 SQ FT FAU 02 4203 299 0001 FKA ROYAL CONDO
- Inclusions: Building & Land, Fixtures, Furniture, Furniture/Fixtures
- Property ID: 02-42-03-003-0390
Listed and Sold by One Sotheby's International Re
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Schools
Schools serving 221 Collins Ave
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
1050 4th St, Miami Beach, FL 33139 | PK-5 | 0.4 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 24.2 mi | |
4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 3 mi | |
2231 Prairie Ave, Miami Beach, FL 33139 | 9-12 | 1.9 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 19.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 221 Collins Ave
Date
Details
Price
Change
Source
1/16/2024
Sold
$8,900,000
-10.55%
MLS
8/02/2023
Listed
$9,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
221 Collins Ave, Miami Beach, FL 33139 (MLS# A11430048) is a Commercial Service property that was sold at $8,900,000 on January 16, 2024. Want to learn more about 221 Collins Ave? Do you have questions about finding other Commercial Service real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.