FL > Miami Beach
Miami Beach, FL 33139,763 E Pennsylvania Ave
Miami Beach, FL 33139,763 E Pennsylvania Ave
Miami Beach, FL 33139,763 E Pennsylvania Ave
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Monica Cataluña-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$7,360,000
Est. payment /mo
4,411 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,411 sqft

Price per Sqft $1,668

MLS Listing ID A11811796

Construction Status Resale

HOA Y/N No

Year Built 1936

Annual Tax Amount $78,528

Tax Year 2025

Lot Dimensions 12000

Property Description

Great Redevelopment Opportunity. Own future control of the Royal South Beach Condominium-Hotel. Located two blocks from Ocean Drive's beach access. This offer is to acquire 32 out of 42-total units (combined 9,503 square feet). Advertised in 2 separate MLS listings: A11809242 (18 Units) and Business Opportunity A11811796 (14 Units). Licensed for “nightly or long term-rentals” through self-managed or optional hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). Units currently rented, fully furnished with equipped kitchenettes. THIS OFFER IS NOT FOR THE ENTIRE BUILDING, but additional units can be negotiated for full ownership. Building passed 40-Yr Recertification. Review MLS attachments and broker remarks for additional information.

Location

State FL

County Miami-dade

Area 42

Interior

Heating None

Cooling Wall/Window Unit(s)

Flooring Ceramic Tile, Other

Exterior

Roof Type Other

Private Pool Yes

Building

Sewer Public Sewer

Water Public

Construction Status Resale

Others

Tax ID 02-42-03-270-0330

Ownership Self Proprietor/Individual

Security Features Other

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11811796

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Listed by Best of Luxury Realty Corp.
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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763 E Pennsylvania Ave