221 Collins Avenue, Miami Beach, FL 33139 (MLS# A11430048)

221 Collins Avenue, Miami Beach, FL 33139

$8,900,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11430048

Property Type: Commercial Sale Square Footage: 10,144 Status: Closed

Current Price: $8,900,000 List Date: 8/02/2023 Last Modified: 6/08/2026

Overview

Description

SOUTH OF FIFTH - RENOVATED SHORT-TERM RENTAL BUILDING SLEEPS 48 GUESTSThis 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.

Listing Details MLS# A11430048

General Property Information

Number Of Buildings: Yes
Property Sub Type: Hotel/Motel
Number Of Units Total: Yes
Occupant Type: Call Listing Agent
Building Area Main: 10144
Year Built: 1922
Lot Size Area: 6500
Lot Size Acres: 0.15
Stories Total: 2

Property Features

Flooring: Ceramic Tile Sale Includes: Building; Fixtures; Furniture; Land Construction Materials: CBS Cooling: Central Building Listing Terms: Cash Sewer: Public Sewer Structure Type: Hotel/Motel Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Contract Information

Comp Sale YN: No
Original List Price: 9950000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 221
Street Name: Collins
Street Suffix: Avenue
City Name: Miami Beach
State Or Province: FL
Postal Code: 33139
Postal Code +4: 7147
Area: 2420
Parcel Number: 0242030030390
Subdivision Number: 3
Zoning: 3003
Flood Zone: AE
Directions: Collins Avenue between 2nd and 3rd Streets
Property Description: Short term rental building

Financial Information

Tax Annual Amount: 81617
Tax Year: 2023
Tax 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

Status Change Information

Major Change Timestamp: 2024-01-16T22:47:22Z
Major Change Type: Status Change
Status Change Date: 2024-01-23
Under Contract Date: 2024-01-16
Close Date: 2024-01-16
Close Price: 8900000
Buyer Financing: Cash

More Information

Description of Unit Type 1

Unit Type: 2 Bedroom
Units Total: 8
Furnished: Yes

Buyer Details

Intended Use: Investment
Buyer State: Florida
Zip Code: 33139

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: 0390

Originating Details

Originating System Key: 384797777
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Ceramic Tile: Yes

Structure Type

Hotel/Motel: Yes

Sewer

Public Sewer: Yes

Sale Includes

Building: Yes
Fixtures: Yes
Furniture: Yes
Land: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes

Water Source

Public: Yes

Cooling

Central Building: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes

Listing Office: One Sotheby's International Realty

Last Updated: June - 08 - 2026

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221 Collins Avenue, Miami Beach, FL 33139 (MLS# A11430048)