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$ 2,550,000
Est. payment | /mo
4,689 SqFt
$ 2,550,000
Est. payment | /mo
4,689 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Pending
Purchase Type For Sale
Square Footage 4,689 sqft
Price per Sqft $543
MLS Listing ID A11917129
HOA Y/N No
Year Built 1930
Annual Tax Amount $63,784
Contingent No Contingencies
Lot Size 7,000 Sqft
Property Sub-Type Hotel/Motel
Property Description
The subject property, zoned RM-1, presents a rare value-add opportunity nestled in the heart of South Beach's iconic Art Deco District — one of Miami Beach's most sought-after and high-demand hospitality corridors.
The property consists of one private villa and four poolside suites, offering an intimate resort-style configuration ideally suited for short-term rentals, boutique hospitality, or exclusive event hosting. The private villa features 3 spacious bedrooms and 3 bathrooms, accommodating up to 10 guests, while the four poolside suites — each a well-appointed 1 bedroom/1 bathroom unit — can collectively accommodate up to 24 additional guests.
Formerly operated as a successful short-term rental via Airbnb, the property's layout and location offer significant income-generating potential for an owner-operator or investor looking to capitalize on South Beach's thriving tourism market. A new owner will need to reapply for a short-term rental license.
Offered as-is, this bank-owned asset with deferred maintenance represents an exceptional opportunity to acquire and reposition a unique hospitality property at a compelling basis in one of the most iconic zip codes in the country. Investors with vision and the ability to execute a value-add strategy will find strong upside in both short-term rental income and long-term asset appreciation.
The property consists of one private villa and four poolside suites, offering an intimate resort-style configuration ideally suited for short-term rentals, boutique hospitality, or exclusive event hosting. The private villa features 3 spacious bedrooms and 3 bathrooms, accommodating up to 10 guests, while the four poolside suites — each a well-appointed 1 bedroom/1 bathroom unit — can collectively accommodate up to 24 additional guests.
Formerly operated as a successful short-term rental via Airbnb, the property's layout and location offer significant income-generating potential for an owner-operator or investor looking to capitalize on South Beach's thriving tourism market. A new owner will need to reapply for a short-term rental license.
Offered as-is, this bank-owned asset with deferred maintenance represents an exceptional opportunity to acquire and reposition a unique hospitality property at a compelling basis in one of the most iconic zip codes in the country. Investors with vision and the ability to execute a value-add strategy will find strong upside in both short-term rental income and long-term asset appreciation.
Location
State FL
County Miami-dade
Area 42
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 02-42-03-009-6880
Special Listing Condition Real Estate Owned
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11917129
Listed by Dwntwn Realty Advisors LLC
Nearby Locations
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