$6,500,000
5445 Collins Avenue CU1
Miami Beach, FL 33140
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $6,500,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 78
This commercial property in ZIP 33140 is listed at $6,500,000. It has been on the market for 78 days.
Estimated monthly payment
$34,160 /mo
Principal and interest only, based on $1,300,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $6,500,000
- Days on Site
- 78 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 25,860 sqft
- Lot Size
- 4.09 Acres
- Year Built
- 1966
- Property Type
- Commercial
- MLS #
- A11988742
- County
- Miami Dade
- Status
- Active
About This Property
Located at 5445 Collins Avenue, the historic Playboy Theatre presents a singular opportunity to acquire 25,860 square feet of high-volume interior space in the heart of Miami Beach’s prestigious Mid-Beach corridor. Currently in a state requiring full renovation, the property serves as a premier "blank canvas" for a visionary developer or hospitality group. The existing structure features a triple-level layout with soaring ceilings and massive, open floor plates—architectural assets that are nearly impossible to replicate under current Miami Beach building codes. While the interior requires a complete overhaul, the "bones" of the venue, including the original grand stage and structural volumes, provide a robust foundation that significantly reduces the complexity of a ground-up build. With no association approval for business type; the property is uniquely suited for a flagship nightclub, live-performance theatre, or movie theatre where the expansive vertical clearance and existing stage infrastructure allow for world-class acoustics and immersive lighting design. A key operational advantage is the expansive kitchen area located parallel to the main theatre volume, which provides the necessary footprint for high-volume back-of-house operations. Positioned steps from the ocean in a high-barrier-to-entry market, this asset allows an investor to curate a marquee destination that captures the high-spending demographic of the Collins Avenue corridor.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1966
- Lot Size (Acres)
- 4.09
- Total Sq Ft
- 25,860
- Structure Type
- Retail
- Zoning
- 4100
Community & HOA
- MLS Area
- 2320
About the Area
Browse Miami Beach homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami Beach includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami Beach listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 2,637
- Median List Price
- $659,000
- Median $/Sq Ft
- $688
- Avg Days on Market
- 170
Frequently Asked Questions
- How do I schedule a tour of 5445 Collins Avenue CU1, Miami Beach, FL 33140?
- Use the Tour button on this listing to request a showing of 5445 Collins Avenue CU1, Miami Beach, FL 33140. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 5445 Collins Avenue CU1, Miami Beach, FL 33140 still available?
- 5445 Collins Avenue CU1, Miami Beach, FL 33140 is currently listed as Active, and has been on the market 78 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 5445 Collins Avenue CU1, Miami Beach, FL 33140?
- With 20% down ($1,300,000) on the $6,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5445 Collins Avenue CU1, Miami Beach, FL 33140 is about $34,160/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5445 Collins Avenue CU1, Miami Beach, FL 33140?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5445 Collins Avenue CU1, Miami Beach, FL 33140. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 5445 Collins Avenue CU1, Miami Beach, FL 33140?
- Often, yes. The right offer on 5445 Collins Avenue CU1, Miami Beach, FL 33140 depends on how it's priced against comparable commercial sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Fausto Commercial Realty Consultants Inc
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$6,500,000
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Listed by Antonio Saladrigas, Fausto Commercial Realty Consultants Inc
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Recent Sales
Recently sold homes in ZIP 33140
These are the last 6 recorded closings in ZIP 33140, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,294 per square foot. The most recent closed on October 1, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$312,000
Sold · October 1, 2026
5555 Collins Avenue 7T
2 bed · 2 bath · 1,064 sqft · $293/sqft
$68,000 under the asking price
Sold$6,800,000
Sold · September 30, 2026
4550 N Jefferson Avenue
5 bed · 5.5 bath · 4,000 sqft · $1,700/sqft
$375,000 under the asking price
Sold$900,000
Sold · September 29, 2026
4391 Collins Avenue 1903
0 bed · 0 bath · 544 sqft · $1,654/sqft
$170,000 under the asking price
Sold$1,530,000
Sold · September 23, 2026
4779 Collins Avenue 2607
2 bed · 2 bath · 1,380 sqft · $1,109/sqft
$55,000 under the asking price
Sold$1,950,000
Sold · September 22, 2026
3801 Collins Avenue 1502
3 bed · 3 bath · 1,507 sqft · $1,294/sqft
$400,000 under the asking price
Sold$2,125,000
Sold · September 22, 2026
4535 N Jefferson Avenue
3 bed · 2.5 bath · 1,992 sqft · $1,067/sqft
$270,000 under the asking price
See every recorded sale in ZIP 33140 or find out what your ZIP 33140 home is worth.
