1501 COLLINS AVE CU-206, Miami Beach, FL 33139

1501 COLLINS AVE CU-206, Miami Beach, FL 33139 is a store : condominium - commercial built in 1939 with 1,795 square feet of living space. The property is currently owned by 1501 COLLINS LLC C/O PEBB CAPITAL, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2021-09-03 for $47,000,000, when BANCROFT OCEANS FIVE HOLDINGS LLC sold to 1501 COLLINS LLC. The property has appreciated $46,999,900 (46999900%) since the prior sale of $100 on 2018-06-07. There are 3 recorded sales for this property.

The 2025 assessed value is $539,348 with a market value of $882,343. The assessed value increased 10% from $490,317 in 2024. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain).

Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $59,028, and the median home value is $601,500. The population density is 13,028 people per square mile.

1501 COLLINS AVE CU-206, Miami Beach, FL 33139 is located in Miami Beach, Florida. Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2012 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 1% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $26184 per square foot — a key metric for comparing value across Miami Beach's real estate market..