$1,100,000

$791/sq ft

$69,000
Price Decreased

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Overview

Bedroom

2

Bath

2

Year Built

1966

Garage

1

Sqft

1390

Property Type

Hotel/Motel

Property Description

Condo Hotel, penthouse direct ocean view. 100-foot balcony with access from all rooms. Jaw dropping expansive view! Ocean and bay view from master bedroom. Totally renovated with contemporary style. 12-foot ceilings, porcelain tiles, SS appliances. 40-year certification finished. New updates include, all new pool, foundation, electrical panel update, elevators, new chillers, water tower updates, new fitness center, and impact windows. This condo hotel provides security desk check in for guests, free parking. Air BNB, short term rental ready. Maintenace includes all utilities, valet parking, Insurance, and cable includes internet and TV. $110,000 gross revenue. This building is prime for redevelopment and has had much interest from top Miami Beach developers.

Property Details

MLS#

A11730000

Garage

1

Unit Floor

18

Total Floor in Bldg

18

Address

5445 Collins Ave

City

Miami Beach

State/county

FL

Zip/Postal Code

33140

Area

Castle Beach Club Condo

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Monthly

Tax Amount

$11,578

Maint Fee

$3,630

Tax Year

2024

Electric Water Heater

Microwave

Direct Ocean

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Boris Gelfand