Oceanfront

5445 Collins Ave #P2

$500,000

● Condo - Off Market

5445 Collins Ave #P2

Miami Beach, FL 33140

2 Beds

3 Baths, 1 Half Bath

2,070 Ft²

$1,572,519

RealtyHop Estimate

185.96%

Since Aug 1, 2012

FL-Miami

Primary Model

About This Property

DRASTICALLY REDUCED! SELLER WANTS ACTION NOW. WON'T LAST AT THIS PRICE. Outstanding Oceanfront Value, direct panoramic endless ocean view in Millionaire's Row Remodeled. 2-story pavilion, master bedroom and loft upstairs overlooking the ocean. High end m odern designer finishes, Gourmet Kitchen. New impact sliding glass doors. Upgraded throughout. Maintenance includes a/c electric, basic cable, security, valet parking, Russian & Turkish Bath house, gym, tennis, pool more amenities in building.CASH ONLY!!!

Unit Size

2,070 Ft²

Days on Market

Land Size

Price per sqft

$266

Property Type

Condo

Property Taxes

$441

HOA Dues

$800

Year Built

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (Beaches MLS #F1158632)

Price History

Date / Event	Date	Event
Sep 1, 2026	Listed by Beachfront Realty Inc	$1,580,000
Listed by Beachfront Realty Inc

	ABSOLUTELY STUNNING 2 STORY DIRECT OCEANFRONT CONDO AT THE FAMOUS CASTLE BEACH CLUB. SPRAWLING 2070/SF 2 BEDROOM 2.5 BATH SHOWPLACE! IRREPLACEABLE! ZERO RENTAL RESTRICTIONS. VRBO SUPERSTAR WITH REVENUE OVER $160,000 A YEAR. THE UNIT CURRENLEY RENTS AS A SHORT TERM VACATION RENTAL. TURN KEY! CASTLE BEACH CONDO SITS ON 4+ OCEANFRONT ACRES RIPE FOR A BUYOUT BY A DEVELOPER.
Jan 16, 2026	Price Decreased	$1,690,000 ↓ $60K (3.4%)
Price Decreased
Aug 25, 2025	Listed	$1,750,000
Listed

	Castle Beach Condo / Hotel!!!! Rare 2-story, 2,030 SF ocean-view condo-hotel at 5445 Collins Ave. Renovated and turn-key with modern finishes and a flexible layout for comfortable living and hosting. Daily rentals allowed (Airbnb/STR—buyer to verify), making this an excellent income opportunity and beach getaway in one. Premier oceanfront address near top Miami Beach dining and shopping. Motivated seller—priced to sell. Use when you want and rent the rest of the year. Easy to show. This building is prime for redevelopment and has had much interest from top Miami Beach developers. Rare and Fantastic Opportunity!
Jun 1, 2023	No longer available	-
No longer available
Feb 17, 2023	Price Decreased	$1,950,000 ↓ $500K (20.4%)
Price Decreased
Jan 16, 2023	Listed by EXP REALTY LLC	$2,450,000
Listed by EXP REALTY LLC

	2 stories oceanfront condo is the perfect income producing property. No rental restrictions. Currently being rented short term with VRBO. Income for 2022 is $174,000. Spectacular ocean views throughout the unit. Completely renovated with impeccable taste. Just steps to the beach. Turkish Bath in the building. Building renovations/improvements will be taking place.SPECIAL ASSESMENT $1,000/mois, 10 months left. OWNER PAYS THE SPECIAL ASSESMENT AT THE CLOSING. The manager has listed the unit size as 2070 square feet.
Dec 28, 2022	No longer available	-
No longer available
Dec 2, 2022	Price Decreased	$2,900,000 ↓ $500K (14.7%)
Price Decreased
Oct 26, 2022	Listed by Rent & Own Realty LLC	$3,400,000
Listed by Rent & Own Realty LLC

	This gorgeous two-story oceanfront condo is the perfect income producing property. No rental restrictions. Currently being rented short term with VRBO/Home Away. Projected income for 2022 is $160,000. Generate income while waiting for a potential developer to buy out the building and receive from them a generous sum much higher than the market value. Spectacular ocean views throughout the unit. Completely renovated with impeccable taste. Just steps to the beautiful sandy beach. Turkish Bath in the building. Building renovations/improvements will be taking place. The manager has listed the unit size as 2070 square feet.
Aug 13, 2021	No longer available	-
No longer available
Aug 4, 2021	Price Decreased	$1,350,000 ↓ $95K (6.6%)
Price Decreased
Jun 9, 2021	Price Decreased	$1,445,000 ↓ $50K (3.3%)
Price Decreased
Apr 24, 2021	Price Decreased	$1,495,000 ↓ $120K (7.4%)
Price Decreased
Apr 17, 2021	Price Increased	$1,615,000 ↑ $25K (1.6%)
Price Increased
Jan 28, 2021	Listed by Rent & Own Realty LLC	$1,590,000
Listed by Rent & Own Realty LLC

	This gorgeous two story oceanfront condo is the perfect vacation home and income producing property. No rental restrictions. Generated $140K in gross income in 2020. Currently ranked #1 on VRBO/HomeAway out of over 5000 properties in Miami. Spectacular ocean views throughout the unit. Completely renovated with impeccable taste. Nolte kitchen with high end appliances. Alehouse Amber Vetrazzo kitchen counter tops. Master bath is marble and Amazonia Quartz with Kohler 60" therapeutic hydro-massage whirlpool jacuzzi and Porcelain Vitreous China undermount sinks. Flooring throughout is Spatula-applied Dega Spatolato. The windows are all high impact glass. Just steps to the beautiful sandy beach. Turkish Bath in building. 40 year recertification completed in 2015. The manager has listed the unit size as 2070 square feet.
Jul 30, 2012	Sold	Premium
Sold
Oct 21, 2011	Listed by Charles Rutenberg Realty LLC	$549,900
Listed by Charles Rutenberg Realty LLC

Property Highlights

Elevator

Parking Available

Garage

Doorman

Parking Details

Has Garage

Garage Features: Attached

Parking Features: 1 Space, Assigned Parking, Valet Parking

Garage: 1 Spaces

Interior Details

Full Bathrooms: 2

Half Bathrooms: 1

Interior Features: Elevator, Foyer Entry, Handicap Accessible, Vaulted Ceilings, Walk-In Closets

Appliances: Dishwasher, Fire Alarm, Icemaker, Electric Range, Refrigerator, Smoke Detector, Security System, Self Cleaning Oven

Flooring Type: Other Floors, Wood Floors

Exterior Details

Listing Terms: Cash Only

Construction Type: Cbs Construction

Exterior Features: Open Balcony, Electric Shutters, Tennis Court

Financial Details

Total Taxes: $5,286

Tax Year: 2010

Possession Information: Funding

Utilities Details

Heating Type: Electric Heat, Central Heat

Cooling Type: Electric Cooling

Location Details

Location: COLLINS AVE TO 54 ST ON THE OCEAN SIDE.

Front Exposure: East

Subdivision Complex Building: Castle Beach Club Condo

Water Access: Deeded Beach Access

Waterfront Description: Ocean Access, Ocean Front

HOA Details

HOA Fee: $800 Monthly

Request mortgage information redaction

Comparables

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Listed By
20220217 Unit 1718 02/17/2022	1718	Studio	1 Bath	400 ft²	$399,000 Studio 1 Bath 400 ft²	$390,000 -2.26% 05/26/2022	Fabrice Ernandes Julies Realty, LLC
20210630 Unit 1718 06/30/2021	1718	Studio	1 Bath	400 ft²	$239,000 Studio 1 Bath 400 ft²	$235,000 -1.67% 09/17/2021	Fabrice Ernandes Julies Realty, LLC
20210401 Unit 404 04/01/2021	404	Studio	1 Bath	370 ft²	$233,000 Studio 1 Bath 370 ft²	$289,000 +24.03% 03/01/2022	Maria Diaz Mendizabal Fortune International Realty Brickell Inc
20210315 Unit 1103 03/15/2021	1103	1 Bed	1 Bath	577 ft²	$359,000 1 Bed 1 Bath 577 ft²	$325,000 -9.47% 06/24/2021	Fabrice Ernandes Julies Realty, LLC
20210222 Unit TS4 02/22/2021	TS4	2 Bed	3 Bath	1540 ft²	$839,000 2 Bed 3 Bath 1540 ft²	$750,000 -10.61% 05/17/2021	Ashton Coleman One Sotheby's International Realty
20210128 01/28/2021		Loft	-	2070 ft²	$1,590,000 Loft - 2070 ft²	$265,000 -83.33% 11/18/2021	Timothy Schneider Rent & Own Realty LLC
20201126 Unit 909 11/26/2020	909	Studio	1 Bath	400 ft²	$240,000 Studio 1 Bath 400 ft²	$150,000 -37.50% 01/28/2021	Fabrice Ernandes Julies Realty, LLC
20200920 Unit 729 09/20/2020	729	Studio	1 Bath	400 ft²	$299,000 Studio 1 Bath 400 ft²	$270,000 -9.70% 04/13/2021	Fabrice Ernandes Julies Realty, LLC
20200707 Unit 1718 07/07/2020	1718	Studio	1 Bath	400 ft²	$219,000 Studio 1 Bath 400 ft²	$215,000 -1.83% 06/15/2021	Danell Van Orden The Keyes Company
20190917 Unit 519 09/17/2019	519	Studio	1 Bath	400 ft²	$259,000 Studio 1 Bath 400 ft²	$230,000 -11.20% 03/17/2020	Anirka Toledo The Keyes Company
20190903 Unit TS5 09/03/2019	TS5	1 Bed	1 Bath	1180 ft²	$575,000 1 Bed 1 Bath 1180 ft²	$450,000 -21.74% 01/30/2020	Fabrice Ernandes Julies Realty, LLC
20180717 Unit 1415 07/17/2018	1415	Studio	1 Bath	400 ft²	$259,000 Studio 1 Bath 400 ft²	$183,800 -29.03% 08/08/2018	Eliana Del Latte Trust Realty USA, LLC
20180328 Unit 401 03/28/2018	401	Studio	1 Bath	400 ft²	$210,000 Studio 1 Bath 400 ft²	$186,000 -11.43% 07/20/2018	Eliana Del Latte Trust Realty USA, LLC
20170623 Unit 1232 06/23/2017	1232	1 Bed	1 Bath	430 ft²	$310,000 1 Bed 1 Bath 430 ft²	$295,000 -4.84% 06/29/2018	Marco Zarfati The Keyes Company
20151113 Unit 1611 11/13/2015	1611	1 Bed	1 Bath	400 ft²	$220,000 1 Bed 1 Bath 400 ft²	$214,000 -2.73% 02/10/2016	Fadel Brieva Lam International Realty LLC
20151113 Unit 1535 11/13/2015	1535	1 Bed	1 Bath	430 ft²	$235,000 1 Bed 1 Bath 430 ft²	$214,000 -8.94% 02/10/2016	Fadel Brieva Lam International Realty LLC
20151113 Unit 916 11/13/2015	916	1 Bed	1 Bath	400 ft²	$220,000 1 Bed 1 Bath 400 ft²	$214,000 -2.73% 02/10/2016	Fadel Brieva Lam International Realty LLC
20151113 Unit 535 11/13/2015	535	1 Bed	1 Bath	430 ft²	$235,000 1 Bed 1 Bath 430 ft²	$225,000 -4.26% 02/02/2016	Fadel Brieva Lam International Realty LLC
20151113 Unit 1734 11/13/2015	1734	1 Bed	1 Bath	340 ft²	$235,000 1 Bed 1 Bath 340 ft²	$214,000 -8.94% 02/10/2016	Fadel Brieva Lam International Realty LLC
20151113 Unit 1618 11/13/2015	1618	1 Bed	1 Bath	400 ft²	$220,000 1 Bed 1 Bath 400 ft²	$214,000 -2.73% 02/10/2016	Fadel Brieva Lam International Realty LLC
20151113 Unit 402 11/13/2015	402	1 Bed	1 Bath	340 ft²	$179,000 1 Bed 1 Bath 340 ft²	$160,000 -10.61% 03/17/2017	Fadel Brieva Lam International Realty LLC
20140730 Unit 530 07/30/2014	530	Studio	1 Bath	460 ft²	$200,000 Studio 1 Bath 460 ft²	$181,000 -9.50% 09/26/2014	Denise Nowalk Total R E Consultants Inc
20140603 Unit 28 06/03/2014	28	Studio	1 Bath	260 ft²	$124,900 Studio 1 Bath 260 ft²	$105,000 -15.93% 09/23/2014	Jeannette Hand ARG American Realty Group LLC
20140515 Unit 1732 05/15/2014	1732	Studio	1 Bath	430 ft²	$230,000 Studio 1 Bath 430 ft²	$221,000 -3.91% 09/30/2015	Elida Brennan Regency Realty Services
20131022 Unit 1730 10/22/2013	1730	Studio	1 Bath	400 ft²	$219,900 Studio 1 Bath 400 ft²	$207,000 -5.87% 02/18/2014	David Alcott Qwest Realty Services
20111021 Unit P2 10/21/2011	P2	2 Bed	3 Bath	2070 ft²	$549,900 2 Bed 3 Bath 2070 ft²	$500,000 -9.07% 07/30/2012	David Dweck SOUTHEAST REGIONAL REALTY CORP
20110628 Unit 1526 06/28/2011	1526	Studio	1 Bath	400 ft²	$89,900 Studio 1 Bath 400 ft²	$80,000 -11.01% 10/14/2011	Ramphis Perez Keller Williams Realty CS
20110217 Unit 1405 02/17/2011	1405	Studio	1 Bath	430 ft²	$80,000 Studio 1 Bath 430 ft²	$63,000 -21.25% 06/17/2011	Elizabeth Ortiz
20110209 Unit 1126 02/09/2011	1126	Studio	1 Bath	400 ft²	$80,000 Studio 1 Bath 400 ft²	$73,500 -8.13% 05/23/2011	Elizabeth Ortiz

Building Info

5445 Collins Avenue 5445 Collins Avenue, Miami Beach, FL 33140

3 Units for Sale

More about this Building

Want to find out who owns 5445 Collins Avenue, Miami Beach, FL 33140? Get detailed property transactions here.

About Oceanfront

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$613

Below Asking

0.02%

Average Days on Market

Average Home Size

1160 ft²

Average Home Age

50.8 years

Currently For Sale

472 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6899 Collins Avenue, Miami Beach, FL, 33141

$5,500 /mo

1 Bed
1 Bath
820 ft²

6899 Collins Avenue #1409, Miami Beach, FL, 33141 Listing by Alexey Kogan

Unit for rent at 6301 Collins Avenue, Miami Beach, FL, 33141

$7,000 /mo

3 Beds
2 Baths
1,700 ft²

6301 Collins Avenue #2603, Miami Beach, FL, 33141 Listing by Dustin Fealy

Unit for rent at 580 72nd Street, Miami Beach, FL, 33141

$4,500 /mo

1 Bed
1 Bath
466 ft²

580 72nd Street #1413, Miami Beach, FL, 33141 Listing by Edward Gurovich

Rentals Near You

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Listed by: David Dweck
Charles Rutenberg Realty LLC
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1158632

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.