Oceanfront Condominium Bulk Acquisition
For Sale
$15,200,000
5445 Collins Ave, Miami Beach, FL 33140
39 units available in prime Miami Beach location.
Property Size16,680 SF
Price / SF$911.27
Days on Market157
Property Features for 5445 Collins Ave
General Information
Standard status
Active
Size
16,680 SF
Property subtype
Multifamily
Amenities
39 Unit Condominium Portfolio
Rare direct oceanfront location with views and immediate beach access
Resort-style amenities: oceanfront pool, fitness, tennis, spa, dining
Daily rentals allowed; strong income potential from short-term demand
Mid-Beach/Millionaire's Row near South Beach, Lincoln Road, Bal Harbour
Prime location, diverse units, flexible rentals support growth and returns
Building Details
Building Size
16,680 SF
Units
39
Listing Agency:
Marcus & Millichap - The Zylberglait Group
Listed By:
Alex Zylberglait · License #License(s): FL: BK3015211
(786) 522-7056
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Sep 6 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - The Zylberglait Group
Investment Insights
Based on property information with market context.
Castle Beach Club, located at 5445 Collins Avenue in Miami Beach, presents an opportunity to acquire 39 individual condominium units, totaling approximately 16,680 square feet. Built in 1966, these units range from studios to penthouses. The property features resort-style amenities, including direct beach access, a pool, fitness center, tennis courts, and a spa. Situated on Millionaire’s Row, Castle Beach Club offers direct oceanfront access and proximity to South Beach, Bal Harbour, and cultural destinations. The property’s flexible rental model and diverse unit offerings create an environment for long-term growth and income generation. This investment offers an opportunity to gain control of the condominium's strategic direction through a bulk acquisition of 50% to 65% of the units. Investors can secure decisive influence over the management and operations, with the ability to amend by laws and implement a professional hotel management model. This acquisition strategy positions Castle Beach Club for future repositioning and potential condo buyout, maximizing returns through short-term rental operations and long-term value creation.
Key Highlights
- Bulk acquisition of 39 individual units (approximately 16,680 sq ft) offering strategic control (50‑65% ownership) over condominium management and operations.
- Prime oceanfront location on Millionaire's Row with direct beach access and proximity to South Beach and Bal Harbour.
- Resort‑style amenities including a pool, fitness center, tennis courts, and spa.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 39 units available in prime Miami Beach location.
Where is this apartment building located?
The property is located at 5445 Collins Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $15,200,000.
What are key features of this property?
This property features: Bulk acquisition of 39 individual units (approximately 16,680 sq ft) offering strategic control (50‑65% ownership) over condominium management and operations.; Prime oceanfront location on Millionaire's Row with direct beach access and proximity to South Beach and Bal Harbour.; Resort‑style amenities including a pool, fitness center, tennis courts, and spa.
