250 Collins Ave

Miami Beach, FL, 33139

$24,000,000

$1,264 per ft²
$24,000,000
$1,264 per ft²
Active
Active
 - For Sale
carpenters-square
18,974 ft²
property_type
Commercial
calendar
Built 1959
250 Collins is 27 fully renovated residences located at 250 Collins Avenue in the heart of South Beach. The property is currently operating as a Short-Term Rental facility with a short-term rental license in place under a management agreement with Sextant Brand. The management agreement has the option to be terminated upon a potential sale of the property. The property allows for multiple investment strategies including hotel, apts, STR rentals, condo-conversion and condo-hotel. The property recently completed a multi-year renovation which offers ultra high-end finishes including custom kitchens with quartz counters, high-end white lacquered cabinets and Miele appliance packages. Added into the redesign are a 3rd floor glass penthouse level and a 4th floor roof top pool and sun deck.
MLS® ID:
A11215438
Listed:
5/17/22
Updated:
3/30/23
GSM International
GSM International Group
Office: 1 877-476-5898Email: tanioum@aol.com

Exterior/Building Features

Lot Size
0.3 acres lot
Architectural Style
Hotel

Other Property Details

Taxes
$223974
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Miami-Dade County
Pool
No
Total Stories
4
Zoning
3003
Sub Agency Compensation
0.25%
Buyer Agency Compensation
0.25%
Transaction Broker Compensation
0.25%

Property History

Date
Event
Price
Value
7/11/22
Price Change
$27,000,000
-9%
9/14/22
Price Change
$24,000,000
-11%

Courtesy of Larry Richey with Cushman & Wakefield of Florida
Listing Contact:  

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2023 Miami Association of REALTORS® all rights reserved. 

Data last updated 6:12 PM UTC, 3/30/23.

GSM International
GSM International Group
Office: 1 877-476-5898Email: tanioum@aol.com
Contact