+3 more
$4.5M
Castle Beach Club Condomi Unit TH2
5445 Collins Ave, Unit TH2 • Miami Beach, FL 33140
About This Unit
unique property on the beach, 4 beds 4 baths direct ocean front Townhouse with big terrace (aprox 24 SF Patio) board walk, washer/dryer. Jacuzzi. Patio steps from the ocean, garden, valet Impact windows, all amenities included(Water, electricity, cable, internet, Valet)
Pricing at Castle Beach Club Condomi — $3,082/sqft
Castle Beach Club Condomi Unit TH2 is listed at $3,082/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Castle Beach Club Condomi.
Time on Market — 506 days
Castle Beach Club Condomi Unit TH2 has been on the market for 506 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $3,100,000. Increased to $4,500,000 on Dec 5, 2024 (after 282 days on market) — +45.2% (+$1,400,000).
Estimated Monthly Cost
Mortgage (P&I)
$24,436
HOA
$3,496
Property Tax
$589
Total / mo
$28,521
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.16%.
HOA $2.39/sqft · All-in $19.53/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Castle Beach Club Condomi.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 4BR Comps at Castle Beach Club Condomi
UnitListSqft$/sqftDOM
#—
—
1,460
$3082
506
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1966 (60 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Jun 1999 for $140,000 — held 27 years. They’re now asking $4,500,000 — +3114.3% (+$4,360,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
🏛 Property Tax Reset
The current owner pays approximately $8,795/yr in property tax thanks to a $683,448 Save Our Homes assessment cap (Florida shelters long-time owners from market-value increases).
On purchase, your assessment resets to full market value — expect roughly $22,464/yr, about 2.6× the current owner’s bill.
Estimate uses Miami-Dade’s ~2% effective millage; your actual bill depends on the millage in the year you close and any homestead exemption you may qualify for.
Sales History
| Date | Price | Type |
|---|---|---|
| Jun 1999 | $140,000 | arm’s-length |
| Apr 1992 | $105,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. This unit owns 0.002697% of the building’s common elements. County living area: 1,460 sqft.
Building: Castle Beach Club Condomi
Unit: TH2
Year Built: 1966
Stories: 18
City: Miami Beach
Postal Code: 33140
HOA Fee: $3,496 / Monthly
View: Ocean View, Direct Ocean, Water View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 506
Listed: February 28, 2024
MLS #: A11541348
Location
Listing courtesy of: Prime Beach Realty Inc.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11541348
• Updated Jul 18, 2025
