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250 Collins

Posted: 5/3/2022
PRIVATE LISTING
27 Units
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About

About 250 Collins

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 250 Collins, 27 fully renovated residences located at 250 Collins Avenue in the heart of South Beach. The property is currently operating as a Short-Term Rental facility with a short-term rental license in place under a management agreement with Sextant Brand. The management agreement has the option to be terminated upon a potential sale of the property. 250 Collins has been performing exceedingly well in the post-pandemic era with ADR levels surpassing $500 and occupancy levels hitting higher than 90%.

The property allows for multiple investment strategies including hotel, apartments, short-term rentals, condo-conversion and condo-hotel. The property recently completed a multi-year renovation which offers ultra high-end finishes including custom kitchens with quartz counters, high-end white lacquered cabinets and Miele appliance packages. Added into the redesign are a third floor glass penthouse level and a fourth floor roof top pool and sun deck. This truly is a stabilized turnkey, high-end boutique residence that does not exist South of 5th on Miami Beach.

The property provides spacious units averaging 703 square feet including 16 1bd/ba; 8 2bd/2ba; and 3bd/2ba units. 250 Collins is located in SOFI (South of Fifth) neighborhood, which is considered the most desirable in South Beach. The property is steps away from some of South Beach’s finest destinations including Carbone’s, Prime 112, Prime Italian, Prime Fish, Nikki Beach, Joe’s Stonecrab, Smith & Wollensky, Milos, and Fogo de Chao. Surrounding condominiums such as Continuum, Apogee One Ocean, and Glass are selling up to $50 million per unit. Just 200 yards from 250 Collins and you are on the sand amongst the hottest beach scene on South Beach.

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