Private Address

Active

Private Address

$21,000,000

$1,358.61 per sqft

Active

15,457 sqft

Commercial

Built in 1923

Located in a world-class destination in Miami Beach's South of Fifth Neiborhood. This fully renovated trophy hotel is just steps across from one of the most beautiful beaches in the world, the iconic South Pointe Beach surrounded by the best restaurants in Miami and the Country. All 25 suites are equipped w/full kitchens, catering to longer-staying guests. There is currently a cafe in the lobby that can be expand to a 40-seat cafe/restaurant currently has a full liquor license + commercial kitchen. A phenomenal investment rarely available in SoFi, surrounded by 3 bodies of water. The Hotel is passing the 40-year re-certification fully remodeled. Airb&b approved and making money. The value of this Hotel is the Real Estate 25 apartment hotel units and its location.

A11478399

MLSⓇ ID

November 17, 2023

Listed

July 20, 2024

Updated

Map

Private Address

Interior Features

Total Stories: 3
Floor Description: Tile
Fireplace: No
Cooling: Yes
Cooling Description: Central Building A/C, Central Individual A/C
Heating: Yes
Heating Description: Central Electric, Central Building A/C

Exterior/Building Features

Lot Size: 0.15 Acres
Lot Features: Beach Access, City Location, Corner Lot
Roof: Concrete
Sewer: Public Sanitation

Other Property Details

Taxes: $71,399
Tax Frequency: Annually
Days on Market: 245
Garage: No
Parking: Valet
View: No
County: Miami-Dade County
Water Source: Public
Pool: No
Waterfront: Yes
Zoning: 3003

Listing History

Date	Event	Price
7/19/2024	Price Change	$21,000,000 27%
5/22/2024	Price Change	$16,500,000 -6%
5/13/2024	Price Change	$17,500,000 -6%

Listed by: One Sotheby's International Re
Listing Contact: 786-253-3949

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 1:41 PM UTC, 7/20/2024.