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Business Opportunity - Collinaire Luxury Suites for Sale

221 COLLINS AVE, MIAMI BEACH, FL 33139

Asking Price$9,950,000

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  • Lot size 6500sqft
  • Taxes $81,617
  • Year Built 1922
  • Days on market:

    97 day(s)
  • Original Price:

    $9,950,000
  • 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
  • Tax Year:

    2023
  • Property Type:

    Business Opportunity
  • Inclusions:

    Building & Land,Fixtures,Furniture, Furniture/Fixtures
  • Construction Type:

    Cbs Construction
  • Cooling Description:

    Central Building A/C
  • Floor Description:

    Ceramic Floor
  • Special Listing Conditions:

    Sale

Description

$9,950,000

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.

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