Home » Miami Beach » 5445 Collins Ave CU1, Miami Beach, Florida 33140 | A11365510

5445 Collins Ave CU1, Miami Beach, Florida 33140 | For Sale

$3,900,000

Property Highlights

Listing ID A11365510 Status of this Listing: Active Under Contract (An offer has been accepted, considering Backup Offers) For Sale Property Type Commercial Sale Business Business Type Restaurant Building Area 19,077 Sqft/1772.31 m2 approx. Lot area 19,077 Sqft/1772.31 m2 approx. Year Built 1966 Waterfront Time of this property on Rebonus 541 Day(s)
7 Photos of this Property

5445 Collins Ave CU1, Miami Beach, Florida 33140

Property Description: One of the historically most significant entertainment venues in Miami Beach, the former Playboy Plaza Hotel Theater, located within today’s Castle Beach Club on Collins Avenue, is now offered for sale. Developed in 1970 as part of Hugh Hefner’s swanky Playboy Plaza Hotel, the theater was the favorite hot-spot for local and visiting celebrities, offering live shows by Sammy Davis Jr. and many others. It was showcased in Gloria Estefan 's hit song "Hotel Nacionel " as well as the hit movie "Rock of Ages ". The venue’s illustrious past in later years continued under various operators as a luxury cabaret, cinema or dinner club. Vacant for a number of years now, the property provides a rare opportunity to recreate its rich past or repurpose the approximately 19,000 SF space.

Useful Info

Contingency:Other
Original List Price:$3,900,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Flooring:
  • Carpet
  • Marble
  • Slate

Property Features

Waterfront:Yes
Waterfront Features:
  • Ocean Front
Roof:
  • Composition

Taxes and Expenses

Tax Annual Amount:$18,526

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Lease Considered:No

Community

Senior Community:No

Parking

Covered Spaces:0

Utilities

Electric:
  • 440 Volts

More Details

Other Information:
Flood Zone : AE
FEMA Flood Zone Designations: AE
Municipal Code: 2
Subdivision Number: 21

Zoning and Legal

Tax Legal Description:CASTLE BEACH CLUB CONDO UNIT CU1 UNDIV 0.011557% INT IN COMMON ELEMENTS OFF REC 15285-1869 OR 19824-4997 0801 4
Real Estate Folio Number (Parcel Number):02-32-14-021-5400
Zoning Description:4100
Public Survey Township:2
Public Survey Range:32
Public Survey Section:14

Listing History

Update/EventDate/Days
Published Date:March 31, 2023 12:00 am
On Market Date:March 31, 2023
Price Change Date Time:March 31, 2023 3:49 pm
Last Important Update Description:Active Under Contract (An offer has been accepted, considering Backup Offers)
Date and Time of Last Important Update:July 6, 2023 11:08 am
Status Last Changed:July 6, 2023 11:08 am
Photos Last Modified:March 31, 2023 8:30 pm
Last Modified:July 6, 2023 3:08 pm
Days on the Market (updated on Last Modified*):97
Cumulative Days on the Market (updated on Last Modified**):97

Additional Information

Number of Photos Count:7
Area:32
Ref ID:1035245338
Courtesy of:Opera REI Inc
Universal Property Id:US-12025-N-0232140215400-R-N

Location

Show Property Address:Yes
Street Name:Collins Ave
Street Number:5445
Street Address:5445 Collins Ave CU1
Unit Number:CU1
City : Miami Beach
State : Florida
Zip Code : 33140
County : Miami-Dade County
Full Address:5445 Collins Ave CU1, Miami Beach, Florida 33140
Latitude:N25° 46' 54.8''
Longitude:W81° 52' 9.2''

Neighborhood

Postal City:Miami Beach

Property Map