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1
Additional Information
Cushman & Wakefield of Florida
$223,974
4
1
118
1
: Sale
: Hotel
Property Description

250 Collins is 27 fully renovated residences located at 250 Collins Avenue in the heart of South Beach. The\r\nproperty 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.\r\n\r\nThe 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.

This listing is courtesy of Cushman & Wakefield of Florida.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0242030030990 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 02-2030-003-0990 (0242030030990)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records

Property Location*
Address: 250 Collins Ave
City: Miami Beach
State: Florida
Zip Code: 33139-7135 (Listings)
County: Miami-Dade (Listings)
  -
Building Size - English*
Living Square Feet: 22,844
Actual Square Feet: 22,844
Adjusted Square Feet: 21,032
  -
Lot Size - English*
Lot Size (sf): 13,000
Lot Size (acres): 0.30
  -
Building Size - Metric*
Living Square Meters: 2,122.28
Actual Square Meters: 2,122.28
Adjusted Sq M: 1,953.94
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Lot Size - Metric*
Lot Size (sq m): 1,208
Lot Size (ha): 0.12
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Zoning & Land Use*
Land Use: 0303 - Multifamily 10 Units Plus : Multifamily 3 Or More Units
Zoning: 3003 - Multi-family
Municipal Zoning: R-PS3 (Miami Beach)
All Listed | All Properties
  -
Prior Sale*
Type: Qual by exam of deed
Qual: Q
Date: 03/06/2018
Amount: $14,600,000
  -
Prior Sale #2* (Second to Last)
Type: Sales type info not available
Qual: Q
Date: 01/01/2008
Amount: $3,800,000
  -
Prior Sale #3* (3rd to Last)
Type: Sales type info not available
Qual: Q
Date: 04/01/2004
Amount: $2,400,000
  -
Taxable Values*
Tax Year: 2022
Land: $7,150,000
Building: $9,450,000
Total: $16,600,000
Assessed: $10,208,000
County Taxable: $10,208,000
City Taxable: $10,208,000
Mill Code: 0200
  -
Ownership*
Owner 1: 250 Collins Propco Llc
Mailing Address: 475 Brickell Ave 514
Mailing City: Miami
Mailing State: Fl
Mailing Zip: 33131
Mailing Country: USA
  -
Building Information*
Stories: 3
Units: 27
Year Built: 1959
Effective Year Built: 2001
Extra Features 1: Cent A/c - Comm (aprox 300 Sqft/ton)
Extra Features 2: Luxury Pool - Good.
Extra Features 3: Elevator - Passenger
  -
Legal Description*
Legal Description Concatenated: OCEAN BEACH FLA SUB PB 2-38 LOTS 1 & 2 BLK 8 LOT SIZE 13000 SQ FT OR 19454-2499 0101 6 COC 26195-4069 01 2008 1

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.

Commercial Sale

$24,000,000
Listing ID#A11215438
QR Code
Basic Details
Property Type : Commercial Sale
Property Sub Type : Hotel/motel
Listing Type : For Sale
Listing ID : A11215438
Price : $24,000,000
Year Built : 1959
Built up area : 18,974 Sqft
Status : Active
Type of Business : Hotel/motel