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$1,169,000

Beds
2
Baths
2.5
sq ft
1,390

5445 Collins Ave Unit TS1, Miami Beach, FL 33140

5445 Collins Ave Unit TS1

Miami Beach, FL 33140

  • 69 days on market
Condo Hotel, penthouse direct ocean view. 100-foot balcony with access from all rooms. Jaw dropping expansive view! Ocean and bay view from master bedroom. Totally renovated with contemporary style. 12-foot ceilings, porcelain tiles, SS appliances. 40-year certification finished. New updates include, all new pool, foundation, electrical panel update, elevators, new chillers, water tower updates, new fitness center, and impact windows. This condo hotel provides security desk check in for guests, free parking. Air BNB, short term rental ready. Maintenace includes all utilities, valet parking, Insurance, and cable includes internet and TV. $110,000 gross revenue. This building is prime for redevelopment and has had much interest from top Miami Beach developers.

Details

Property type

Hotel/Motel

Est. home value

$775,972

Lot size

Unknown

Price per sq ft

$842

Year built

1966

Annual property taxes

$11,578

HOA

Yes

Price History

01/22/2025
SEF

SEF #A11730000

Listed
$1,169,000

Schools & Community

Neighborhood: 

Oceanfront

Elementary school: 

North Beach

Middle school: 

Nautilus

High school: 

Miami Beach

Number of units in community: 

573

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Argent Mortgage Company Llc

Loan start date

March 2005

Original loan amount

$513,000

Est. remaining balance

Not provided

Interest rate

7.2%

Loan type

Not Provided, 30 year

Seller

Miguel A Cotto and Levi Decotto

Lender

Argent Mortgage Company Llc

Loan start date

March 2005

Original loan amount

$513,000

Est. remaining balance

Not provided

Interest rate

7.2%

Loan type

Not Provided, 30 year

Seller

Miguel A Cotto and Levi Decotto

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 9:00 PM

Listing updated: 02/01/2025 at 2:39 PM

Listed by: Kelly Sullivan, The Keyes Company Phone #: (305) 371-3592

MLS: SEF #A11730000

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