Studio in Castle Beach Club, Miami Beach — 5445 Collins Ave #1701
A 400 sq. ft. (approx. 37.2 m²) studio is for sale on the 17th floor in the prestigious Mid‑Beach area, known as "Millionaire's Row." The Castle Beach Club building, located at 5445 Collins Ave, offers a full range of resort‑style amenities. The unit is situated on the highest standard floor, directly below the penthouse, and offers unobstructed panoramic views of the beach and ocean. The maintenance fee includes cable TV, internet, Wi‑Fi, electricity, and water. Price — $539,000.
Location
5445 Collins Ave is located in the Mid‑Beach area, one of the most sought‑after neighborhoods of Miami Beach. This stretch of coastline, known as "Millionaire's Row," is renowned for its prestige and direct oceanfront location. The building is located directly on the beach, with direct access to the boardwalk. Nearby are restaurants, shops, entertainment venues, as well as Miami's key transportation arteries.
About the property
Studio of 400 sq. ft. with one bathroom. Unfurnished (shell condition). The unit is located on a high 17th floor and offers a stunning, unobstructed ocean view from north to south. The Castle Beach Club building was constructed in 1966 and has 18 floors.
In the complex
Castle Beach Club is a full‑service condominium with extensive amenities. Residents and guests have access to: an ocean‑view pool, tennis courts, a fitness center, a tiki bar, restaurants, an on‑site mini‑mart, and a spa. Security operates 24/7, and concierge and laundry services are available. The maintenance fee includes virtually all utilities. Parking — 1 garage space.
Price and costs
- Price — $539,000.
- Price per square foot — $1,348.
- Year of construction — 1966.
Buyer closing costs include Documentary Stamp Tax: in Miami‑Dade County, the rate is $0.60 per $100 of the purchase price, plus $0.45 per $100 for non‑single‑family properties (thus, for a condominium, the total rate is $1.05 per $100). Recording fees and title company fees are also payable.
Annual expenses: HOA fee — $998 per month. This amount includes maintenance, cable TV, electricity, internet, sewer, and water. Property tax for 2025 was $4,891. Owners are eligible for the Homestead tax exemption when using the property as their primary residence, which reduces the taxable value by up to $50,000 and limits annual assessment increases.
Purchase procedure and transaction format
Form of ownership — full freehold ownership in a condominium. Foreign buyers are eligible to purchase property in Florida. The transaction is closed through a title company and recorded in Miami‑Dade County. Online viewings and remote purchase by power of attorney are available. Languages of support — English, Spanish.
If you are considering it as an investment
Castle Beach Club is one of the few buildings in Mid‑Beach that permits short‑term rentals, including Airbnb. This creates potential for rental income. However, Miami Beach has strict short‑term rental regulations — it is prohibited in most residential zones, and obtaining licenses from the city, county, and state is required. In 2026, authorities have tightened enforcement: unauthorized rentals carry fines of $1,000 for a first offense, with the possibility of criminal prosecution. Be sure to verify that all necessary licenses are in place before commencing operations. The monthly HOA fee of $998 covers major utility costs, simplifying operating expense forecasting for investors.
The seller does not present the property for residency programs.
Suitable for
- Investors looking for an Airbnb‑approved unit with strong income potential in a prestigious area.
- Buyers wanting an ocean‑view apartment in a full‑service resort‑style complex.
- Those who value all utilities included in the monthly HOA fee for easier budget planning.
May not be suitable for
- If you need a move‑in‑ready apartment — the unit is sold unfurnished (shell condition).
- If your budget is not set for a high monthly HOA fee ($998/month).
- If you plan to use the Homestead exemption — it is only available for primary residence, not for investment properties.
- If you want to avoid the complexities of obtaining short‑term rental licenses in Miami Beach, where regulations are extremely strict.
- If you prefer a newer building — Castle Beach Club was built in 1966.
What to know before the transaction
The building was constructed in 1966, and when purchasing, it is important to request from the HOA a report on the reserve fund and the current state of capital repairs (Structural Integrity Reserve Study, SIRS), as Florida requires fully funded reserves, which may lead to assessment increases. The $998/month HOA fee already covers many utilities, but this does not replace checking the association's financial health. Miami Beach's strict short‑term rental regulations require separate licenses from the city, county, and state, and in 2026, fines for violations have significantly increased. During the high season, the area is busy, and parking near the building may be crowded. Be sure to verify the rental feasibility and all current permits before purchasing.
How to view and purchase
Let us know when you plan to visit and what your budget is. A Discount House manager will confirm the property's availability, provide a full cost breakdown for the transaction, and suggest alternatives in the same area. Viewings in person or via video. Response within 30 minutes.