$4,750,000
$5,500,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
9,154 SqFt
SOLD DATE : 11/26/2025
Key Details
Sold Price $4,750,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,154 sqft
Price per Sqft $518
MLS Listing ID A11732245
Sold Date 11/26/25
HOA Y/N No
Year Built 1947
Annual Tax Amount $64,266
Contingent Financing
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Discover an exceptional investment opportunity in the vibrant heart of Miami Beach's Art Deco District, just steps from the pristine shoreline. This rare Short Term Rental property features 24 units, including 2-bedroom, 1-bedroom, and efficiency apartments, all under a unique mixed hotel and apartment license. With 12 hotel rooms and 12 rooms month to month lease, the property is fully occupied, easy to manage, offering a steady stream of income.
Situated in a prime commercial district, the zoning allows for hotel, retail, and development projects. The City of Miami Beach is currently undergoing a significant redevelopment initiative, enhancing the area with new pathways, landscaping, retails, bike lanes, water features. Motivated seller invites offers for this unparalleled opportunity.
Location
State FL
County Miami-dade
Area 32
Interior
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Exterior
Roof Type Other
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 02-32-02-003-0190
Ownership Corporation
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with The Corcoran Group
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