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221 Collins Avenue, Miami Beach, FL 33139

$8,900,000

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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

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.

More Information MLS# A11430048

Contract Information

Comp Sale YN: No Listing Date: 2023-08-02 Status: Closed Original List Price: 9950000 Sold Price: $8,900,000 Current Price: $8,900,000

Location and Legal

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

General Property Information

Number Of Buildings: 1 Number Of Units Total: 1 Occupant Type: Call Listing Agent Lot Size Area: 6500 Stories Total: 2 Property Sub Type: Hotel/Motel Building Area Main: 10144 Year Built: 1922 Lot Size Acres: 0.15

Office/Member Information

DXORIGMLSID: SEF

Status Change Information

Buyer Financing: Cash 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

Flooring

Ceramic Tile: 1

Structure Type

Hotel/Motel: 1

Sewer

Public Sewer: 1

Sale Includes

Building: 1 Fixtures: 1 Furniture: 1 Land: 1

Construction Materials

CBS: 1

Listing Terms

Cash: 1

Water Source

Public: 1

Description of Unit Type 1

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

Cooling

Central Building: 1

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1

Buyer Details

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

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: 0390

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

Originating Details

Originating System Key: 384797777 Originating System ID: M00000151

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

Listing Office: One Sotheby's International Realty

Last Updated: June - 08 - 2026

221 Collins Avenue, Miami Beach, FL 33139- MLS# A11430048

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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