Investment Overview

Marcus & Millichap is proud to present Castle Beach Club, a premier oceanfront condominium located at 5445 Collins Avenue in Miami Beach, offered at $15,200,000 for the acquisition of 39 individual units, totaling approximately 16,680 square feet. These units, ranging from studios to spacious penthouses, offer a unique opportunity in one of Miami Beach’s most desirable neighborhoods. Built in 1966, the property is equipped with resort-style amenities, including direct beach access, a pool, ?tness center, tennis courts, and a spa, catering to both long-term residents and short-term vacation rentals. Situated on the prestigious Millionaire’s Row, Castle Beach Club boasts direct oceanfront access and is just minutes from South Beach, Bal Harbour, and key cultural destinations. Its strategic positioning ensures steady demand, combining residential living with a resort-style experience in one of Miami's most sought-after neighborhoods. The property’s ?exible rental model and diverse unit offerings create a prime environment for long-term growth and income generation. This investment offers a unique opportunity to gain control of the condominium's strategic direction through a bulk acquisition of 50% to 65% of the units. Investors can secure decisive in?uence over the management and operations, with the ability to amend by laws and implement a professional hotel management model. This acquisition strategy positions Castle Beach Club for future repositioning and potential condo buyout, maximizing returns through short-term rental operations and long-term value creation.