260 Collins Ave - Apartments FOR SALE


Miami Beach, FL 33139- South Pointe
$3,399,534 USD
561-870-2211
260 Collins Ave, Miami Beach, FL for Sale
$3,399,534 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

260 Collins Ave
Miami Beach, FL 33139
South Pointe


HIGHLIGHTS

  • Short Term Rental Allowed
  • Brand New Renovated Luxury Condo Units
  • Ultra desirable South of Fifth location

OVERVIEW

South of Fifth Luxury Condo Investment – 5-Unit Portfolio in Villa Sofia Presenting an exclusive opportunity to acquire a portfolio of five 1-bedroom residences in Villa Sofia, a one-of-a-kind luxury boutique condominium in Miami Beach’s most prestigious neighborhood, South of Fifth. About Villa Sofia Originally a Miami Beach landmark since 1959, Villa Sofia was completely rebuilt in 2018 and is now being reimagined into a modern luxury condominium with world-class amenities - Delivery scheduled for 2nd half of 2026. NO Rental Restrictions - Perfect for short term rentals with very little competition in ultra-desirable South of Fifth. -Rooftop pool with ocean views -Outdoor gym, bar, and gazebo lounge -Secure entry and boutique building charm -Steps from the beach, fine dining, and nightlife With no rental restrictions, owners have complete flexibility—live in your residence, rent it short-term yourself, or partner with a professional management company for turnkey income. Investment Package Highlights 5 Residences Total – 3 second-floor 1-bed/1-bath units (435 SF each) and 2 first-floor 1-bed/1-bath units with private balconies (444 SF interior + 69 SF balcony each) Total Interior Area: 2,193 SF | Total Balcony: 138 SF Projected Gross Annual Revenue: $343,366 Projected Gross Return: 10.10% Projected Net Operating Income: $255,471 Projected Net Return: ~7.5% (after HOA, taxes, insurance) Occupancy Rate (Pro Forma): 89% Average Daily Rates: $201 (no balcony), $227 (balcony) Package Price: $3,399,534 Why This Portfolio Works: Location Premium – South of Fifth commands some of Miami’s highest rental rates and strongest appreciation trends. Turnkey Like-New Construction – Fully renovated residences in a boutique luxury setting. Income & Flexibility – No rental restrictions means maximizing yield with short-term or seasonal rentals. Portfolio Advantage – Capture immediate cash flow plus long-term upside from property appreciation in one of Miami Beach’s most supply-constrained neighborhoods. Opportunities like this—brand-new condo product in South of Fifth with projected double-digit gross returns—are rare and highly sought after. For full financials, floor plans, and investment package details, contact: Zach Joslin at 561-222-5240/zach@brissigroup.com or Ben Brissi at 561-870-2211/ben@brissigroup.com

FOR SALE DETAILS

PRICE

$3,399,534 USD

PRICE/SF

$146 USD /SF

# OF UNITS

5

PRICE/UNIT

$679,907

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South of Fifth 5-Unit Package at Villa Sofia

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RPS-3, Miami Beach

APN/PARCEL ID

02-4203-003-0990

ASK ABOUT THIS PROPERTY

Ben BrissiEWM Realty InternationalMore Info
561-870-2211

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Ben BrissiEWM Realty InternationalMore Info
561-870-2211

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.