$8,900,000
Miami Beach, FL 33139
MLS# A11430048
Status: Closed
10144 sqft
1 / 8
Property 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.
Details
Maps
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
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