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Miami Beach Boutique Hotel 2814 Collins Ave 48 Unit Apartment Building $19,500,000 ($406,250/Unit) Miami Beach, FL 33140



Executive Summary
Faena District Hospitality Asset | 48 Units + 8,000 SF Retail | Reintroduced to Market
2814 Collins Avenue presents a rare opportunity to acquire a partially completed, mixed-use hospitality asset in the heart of Miami Beach’s Faena District. Positioned on a prime Collins Avenue corner just steps from the ocean, the property sits directly across from The Miami Beach EDITION and is surrounded by some of the area’s most significant luxury hospitality and residential developments.
The asset is configured for 48 hotel units along with three ground-floor retail spaces totaling over 8,000 square feet, offering a compelling combination of hospitality and income-producing frontage. Substantial progress has already been made, the property has undergone substantial structural and exterior improvements, allowing a new owner to step directly into the final phase of design and completion.
Ownership is reintroducing the asset to the market with repositioned pricing and a direct alignment with today’s market conditions. This creates a compelling opportunity for investors and operators to acquire a well-located Miami Beach asset at a basis that is increasingly difficult to replicate.
2814 Collins Avenue presents a rare opportunity to acquire a partially completed, mixed-use hospitality asset in the heart of Miami Beach’s Faena District. Positioned on a prime Collins Avenue corner just steps from the ocean, the property sits directly across from The Miami Beach EDITION and is surrounded by some of the area’s most significant luxury hospitality and residential developments.
The asset is configured for 48 hotel units along with three ground-floor retail spaces totaling over 8,000 square feet, offering a compelling combination of hospitality and income-producing frontage. Substantial progress has already been made, the property has undergone substantial structural and exterior improvements, allowing a new owner to step directly into the final phase of design and completion.
Ownership is reintroducing the asset to the market with repositioned pricing and a direct alignment with today’s market conditions. This creates a compelling opportunity for investors and operators to acquire a well-located Miami Beach asset at a basis that is increasingly difficult to replicate.
Property Facts
| Price | $19,500,000 | Building Class | B |
| Price Per Unit | $406,250 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 28,606 SF |
| No. Units | 48 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/2027 |
| Apartment Style | Low-Rise | Parking Ratio | 0.35/1,000 SF |
| Zoning | RM-2 - Medium-density multifamily residential development, including apartments and condominiums. | ||
| Price | $19,500,000 |
| Price Per Unit | $406,250 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 28,606 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2027 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | RM-2 - Medium-density multifamily residential development, including apartments and condominiums. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Walk-Up
- Smoke Detector
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-3226-001-0940 | Improvements Assessment | $1,985,000 |
| Land Assessment | $2,835,000 | Total Assessment | $4,820,000 |
Property Taxes
Parcel Number
02-3226-001-0940
Land Assessment
$2,835,000
Improvements Assessment
$1,985,000
Total Assessment
$4,820,000
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Miami Beach Boutique Hotel | 2814 Collins Ave
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