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… Read More 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. Read Less
Courtesy of Dwntwn Realty Advisors LLC, Rayza Susana Perez, 305-909-7343.
Listing Snapshot
Days Online
213
Last Updated
Property Type
Hotel/Motel
Square Ft.
4,689
Lot Size
0.16 Acres
Year Built
1930
MLS Number
A11917129
30 Days Snapshot Of 33139
$925k
-32%
(avg) sold price
22
+266%
homes sold
167
+24%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1930, Construction materials: "Block", Toal building area: 4689, 1 total unit
Lot
0.16 acres
Property
Zoning: 3900
Taxes
Annual amount: $63,784
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