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Under Contract854 Days
$3,900,000

5445 Collins Ave #CU1
Miami Beach, FL 33140

Commercial For Sale
19,077 Sq. Ft.
Opera REI Inc

Description for 5445 Collins Ave #CU1, Miami Beach, FL 33140

One of the historically most significant entertainment venues in Miami Beach, the former Playboy Plaza Hotel Theater, located within today’s Castle Beach Club on Collins Avenue, is now offered for sale. Developed in 1970 as part of Hugh Hefner’s swanky Playboy Plaza Hotel, the theater was the favorite hot-spot for local and visiting celebrities, offering live shows by Sammy Davis Jr. and many others. It was showcased in Gloria Estefan’s hit song “Hotel Nacionel” as well as the hit movie “Rock of Ages”. The venue’s illustrious past in later years continued under various operators as a luxury cabaret, cinema or dinner club. Vacant for a number of years now, the property provides a rare opportunity to recreate its rich past or repurpose the approximately 19,000 SF space.

Property Details

Listing Details
Under Contract
Commercial
Business
For Sale
A11365510
$3,900,000
03/31/2023
19,077 Sqft
1966
97
3314298
Location Information
US
FL
Miami-Dade County
Miami Beach
33140
Collins Ave
5445
5522
W81° 52' 47.7''
N25° 50' 3.6''
5445 Collins Ave CU1
32
CU1
Yes
Garage/Parking
No
No
Interior Features
Carpet,Marble,Slate
440 Volts
Exterior Features
Composition
WaterFront and WaterAccess
Ocean/Gulf
Yes
Land Info
02-32-14-021-5400
Tax Info
CASTLE BEACH CLUB CONDO UNIT CU1 UNDIV 0.011557% INT IN COMMON ELEMENTS OFF REC 15285-1869 OR 19824-4997 0801 4
$18,526
Listing Information
Opera REI Inc
Valerio Spinaci
97
OPER01
Sefmiami
$3,900,000
No

Price History

Source: MLS
DateEventPriceSource
2023-03-31Under Contract$3,900,000MLS
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Walk Score

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Walk Score

4

Bike Score

7

Transit Score

3

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Courtesy of Opera REI Inc
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© 2025 Miami Association of REALTORS®. All rights reserved. The information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.