HOMES BY DARCI
Southern Key Realty
5445 Collins Avenue Cu2 Miami Beach FL 33140
Address
5445 Collins Avenue Cu2, Miami Beach, FL
Price
$ 6,500,000
Property Attributes
- MLS#A11988803
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityMiami Beach
- Area2320
- Zip33140
- Style
- Year Built1966
- Price$ 6,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage25860
- Lot Size4.09 Acres
Data Source:
Beaches MLS (FL)
Property Description
Located at 5445 Collins Avenue, the historic Playboy Theatre presents a singular opportunity to acquire 25,860 square feet of high-volume interior space in the heart of Miami Beach’s prestigious Mid-Beach corridor. Currently in a state requiring full renovation, the property serves as a premier "blank canvas" for a visionary developer or hospitality group. The existing structure features a triple-level layout with soaring ceilings and massive, open floor plates—architectural assets that are nearly impossible to replicate under current Miami Beach building codes. While the interior requires a complete overhaul, the "bones" of the venue, including the original grand stage and structural volumes, provide a robust foundation that significantly reduces the complexity of a ground-up build. With no association approval for business type; the property is uniquely suited for a flagship nightclub, live-performance theatre, or movie theatre where the expansive vertical clearance and existing stage infrastructure allow for world-class acoustics and immersive lighting design. A key operational advantage is the expansive kitchen area located parallel to the main theatre volume, which provides the necessary footprint for high-volume back-of-house operations. Positioned steps from the ocean in a high-barrier-to-entry market, this asset allows an investor to curate a marquee destination that captures the high-spending demographic of the Collins Avenue corridor.
| Price History | |
|---|---|
| 6/10/2026 | Listed $6,500,000 |
General Features
| Year Built | 1966 |
|---|---|
| Unit Number | CU2 |
| Property Subtype | Business |
| Business Type | ArtsAndEntertainment,Restaurant,Retail |
| County | Miami-Dade |
| Property Type | CommercialSale |
| Status | Active |
| City | Miami Beach |
| MLS Area | 2320 |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11988803 |
| Standard Status | Active |
| Occupancy Type | CallAgent |
| Property Sub Type Additional | Business |
| PostalCity | Miami Beach |
| Legal Description | CASTLE BEACH CLUB CONDO UNIT CU2 UNDIV 0.007704 % INT IN COMMON ELEMENTS OFF REC 15285-1869 OR 19824-4997 0801 4 |
Exterior Features
| Lot Size Area | 178200 |
|---|---|
| Building Area Total | 25860 |
| Lot Size Acres | 4.09 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33140
Price
Year Built
Similar Properties
Miami Beach
$ 6,500,000
5445 Collins Avenue Cu1
Miami Beach, FL 33140
- Type
- Single Family
- Size
- 25,860 SqFt
- Rooms
- 0 Beds + 0 Baths
Waterfront
North Bay Village
$ 6,050,000
1680 S Treasure Drive
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- Type
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- Size
- 2,821 SqFt
- Rooms
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