Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 sq.ft), with the potential to also acquire all

Miami Beach

$7,590,000 USD 33 33
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AddressMiami Beach
Building NameRoyal SB Condo Hotel
Type of PropertyCondominium
Price$7,590,000
Property StatusActive
MLS NumberA11826748
Bedrooms Number33
Full Bathrooms Number33
Living Area270
Year Built1936
Folio Number02-42-03-270-0050
Days on Market2

Detailed Description: Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 sq.ft), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 sq.ft). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Section3
Zip Code (4 Digits)6116
Financial Information
Price$7,590,000
Price per Foot$0
Folio Number02-42-03-270-0050
Maintenance Charge Month$31,204
Association Fee PaidMonthly
Association Fee$31,204
Tax Amount$80,940
Tax Year2024
Full Descriptions
Detailed DescriptionRedevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 sq.ft), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 sq.ft). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.
Property ViewOther View
Floor DescriptionOther
Interior FeaturesElevator
Equipment AppliancesRefrigerator
AmenitiesBar, Courtesy Bus, Elevator (s)
Cooling DescriptionWall / Window Unit (s)
Heating DescriptionWindow / Wall
Parking DescriptionOn Street
Pet RestrictionsMaximum 20 Lbs
Property parameters
Bedrooms Number33
Full Baths Number33
Balcony Includes1
Living Area270
Year Built1936
Type of PropertyCondominium
Building NameRoyal SB Condo Hotel
Development NameROYAL SOUTH BEACH CONDO
Construction TypeConcrete Block Construction
Listed withBest of Luxury Realty Corp.