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+34 photosLuxury estate — 727 Collins Avenue
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Open property magazine$16,999,999
727 Collins Avenue, FL 33139
FL, 33139
— bd · — ba · 23,356 sqft
Listed by Fausto Commercial Realty Consultants Inc
727 Collins Avenue, FL 33139
Listed by Fausto Commercial Realty Consultants Inc
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Estimated monthly payment
$121,284/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $121,284/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homes727 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.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 15%
The seller has come down from $20,000,000 to $16,999,999 — a $3,000,001 reduction since it came on the market.
100 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $121,284/mo
727 Collins Avenue, FL 33139 ·
Location
727 Collins Avenue, FL 33139
What buyers ask about this home
What are the estimated monthly carrying costs at 727 Collins Avenue, FL 33139?+
Property tax (after sale): $25,991/month est.; homeowners insurance: $7,083/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $33,075/month est. Principal and interest: $88,209/month; PMI: $0/month. Total for the payment scenario shown: $121,284/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 727 Collins Avenue, FL 33139?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 727 Collins Avenue, FL 33139 need flood insurance, and what drives the premium?+
Most of South Florida sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 727 Collins Avenue, FL 33139?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 727 Collins Avenue, FL 33139?+
This listing has been on the market 100 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Miami Beach South Pointe Elementary School
Elementary · 0.5 mi from this home · 1050 4Th St, Miami Beach
Miami Beach Nautilus Middle School
Middle school · 2.6 mi from this home · 4301 N Michigan Ave, Miami Beach
Miami Beach Senior High School
High school · 1.5 mi from this home · 2231 Prairie Ave, Miami Beach
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
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Simon Gedz
Realtor® since 1995
Interested in this property?
$16,999,999 · MLS A12071598
$16,999,999
727 Collins Avenue