Commercial Real Estate Property For Sale In Miami Beach

250 Collins Ave Miami Beach, FL 33139
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$24,000,000

  • 1959 Year Built
  • May 18, 2022 Listing Date

MLS #

:

A11215438

Price

:

$24,000,000

Status

:

Listing Date

:

May 18, 2022

Square Footage

:

Not Available

County

:

Miami-Dade County

Square Footage

:

Not Available

Year Built

:

1959

Taxes

:

$223,974 Per Year

Waterfront

:

No

Virtual Tour

:

click here to view virtual tour

 

Remarks

:

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.

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