$16,999,999
727 Collins Avenue
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $16,999,999
- Price per sq ft
- N/A
- Original price
- $20,000,000
- Days on market
- 67
This commercial property in ZIP 33139 is listed at $16,999,999. The asking price has come down 15% from its original $20,000,000. It has been on the market for 67 days.
Estimated monthly payment
$89,342 /mo
Principal and interest only, based on $3,400,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $16,999,999
- Days on Site
- 67 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 23,356 sqft
- Lot Size
- 0.16 Acres
- Property Type
- Commercial
- MLS #
- A12071598
- County
- Miami Dade
- Status
- Active
About This Property
727 Collins Avenue, a historic landmark asset delivering institutional-quality, low-management income on Miami Beach's lower Collins Avenue corridor. The offering pairs a ten-year master hospitality lease across floors two through four with a fully vacant ground-floor retail footprint — immediate contractual cash flow with a defined path to yield expansion. Originally constructed in 1930 as the London Arms Hotel, the four-story, 23,356-square-foot building was fully renovated and holds 25 immaculate residential/hospitality units and approximately 4,800 square feet of clear-span ground-floor retail. Floors two through four are encumbered by a ten-year master hospitality lease commencing January 2026, generating $90,000 monthly — $1,080,000 annually — with 9.4 years of term remaining. The operator covers all core building utilities and operating expenses, leaving ownership responsible strictly for real estate taxes and insurance. That structure delivers an in-place NOI of $966,000 and a 4.83% going-in cap rate with effectively no management burden. The ground-floor retail is delivered vacant and unpriced; leased at a conservative $50 per square foot NN, it adds $240,000 annually and lifts NOI to $1,229,429 — a 6.15% stabilized cap rate. Zoned MXE, the asset sits in a submarket with virtually zero net new commercial supply, where replacement of a landmarked, income-producing building of this profile is not achievable.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Lot Size (Acres)
- 0.16
- Total Sq Ft
- 23,356
- Structure Type
- Hotel Motel / Retail
Community & HOA
- MLS Area
- 2420
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
- 2,151
- Under Contract
- 253
- Median List Price
- $650,000
- Median Sale Price (September)
- $662,500
- Median $/Sq Ft
- $697
- Avg Days on Market
- 174
Frequently Asked Questions
- How do I schedule a tour of 727 Collins Avenue, FL 33139?
- Use the Tour button on this listing to request a showing of 727 Collins Avenue, FL 33139. 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 727 Collins Avenue, FL 33139 still available?
- 727 Collins Avenue, FL 33139 is currently listed as Active, and has been on the market 67 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 727 Collins Avenue, FL 33139?
- With 20% down ($3,400,000) on the $16,999,999 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 727 Collins Avenue, FL 33139 is about $89,342/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 727 Collins Avenue, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 727 Collins Avenue, FL 33139. 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 727 Collins Avenue, FL 33139?
- Often, yes. The right offer on 727 Collins Avenue, FL 33139 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 August 30, 2026.
$16,999,999
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Listed by Antonio Saladrigas, Fausto Commercial Realty Consultants Inc
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Recent Sales
Recently sold homes in ZIP 33139
These are the last 6 recorded closings in ZIP 33139, with the price each home actually sold for rather than what it was listed at. They closed at a median of $611 per square foot. The most recent closed on October 15, 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$430,000
Sold · October 15, 2026
2155 Washington Court 205
1 bed · 1.5 bath · 748 sqft · $575/sqft
$20,000 under the asking price
Sold$290,000
Sold · October 14, 2026
1052 Ocean Drive C203
1 bed · 1 bath · 475 sqft · $611/sqft
$7,000 under the asking price
Sold$1,065,000
Sold · October 14, 2026
1250 Ocean Drive 2N
2 bed · 2.5 bath · 1,387 sqft · $768/sqft
$34,000 under the asking price
Sold$238,000
Sold · October 14, 2026
224 Meridian Avenue 9
0 bed · 1 bath · 395 sqft · $603/sqft
$11,000 under the asking price
Sold$23,500,000
Sold · October 12, 2026
1266-1276 S Venetian Way
4 bed · 4.5 bath · 3,603 sqft · $6,522/sqft
Sold$350,000
Sold · October 9, 2026
1027 Pennsylvania Avenue 302
2 bed · 2 bath · 790 sqft · $443/sqft
$9,000 under the asking price
See every recorded sale in ZIP 33139 or find out what your ZIP 33139 home is worth.
