Great opportunity for owner-operator, land developer, or hotel operator. This offer is 34 units, from the total of 42 units in this building (Royal South Beach Hotel). I also have the 4 commercial spaces on ground level facing Washington Ave (under a separate listing for $3.8M). Take it all for $11.5M. Building licensed for nightly rentals with no restrictions. All units furnished with full bathrooms and kitchenettes. The HOA fee per unit includes 24/7 front desk service, insurances, utilities, etc. Building passed the 40-Yr Recertification. Review MLS attachments and broker remarks for additional information. A great way to increase your AirB&B and short-term rental portfolio.
Property Details
Price:
$7,490,000
MLS #:
A11826748
Status:
Active
Beds:
33
Baths:
33
Address:
#33-Units
Type:
Condo
Subtype:
Condominium
Subdivision:
ROYAL SOUTH BEACH CONDO,Royal SB Condo Hotel
Neighborhood:
royalsouthbeachcondo
City:
Miami Beach
Listed Date:
Jun 22, 2025
State:
FL
Finished Sq Ft:
270
Total Sq Ft:
270
ZIP:
33139
Year Built:
1936
Schools
Interior
Appliances
Refrigerator
Bathrooms
33 Full Bathrooms
Cooling
Wall/ Window Unit(s)
Flooring
Other
Heating
Window/ Wall
Exterior
Architectural Style
High Rise
Association Amenities
Bar, Courtesy Bus, Elevator(s)
Construction Materials
Concrete Block Construction
Parking Features
On Street
Security Features
Doorman, Elevator Secure, Lobby Secured
Financial
HOA Fee
$31,204
HOA Frequency
Monthly
Tax Year
2024
Taxes
$80,940
Map
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#33-Units
Miami Beach, FL
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