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 separat

Miami Beach

$7,490,000 USD 33 33
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AddressMiami Beach
Building NameRoyal SB Condo Hotel
Type of PropertyCondominium
Price$7,490,000
Previous Price$7,590,000 (55 days ago)
Property StatusActive
MLS NumberA11826748
Bedrooms Number33
Full Bathrooms Number33
Living Area270
Year Built1936
Folio Number02-42-03-270-0050
Days on Market284

Detailed Description: 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 and B and short-term rental portfolio.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Section3
Zip Code (4 Digits)6116
Financial Information
Price$7,490,000
Price per Foot$0
Previous Price$7,590,000
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 DescriptionGreat 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 and B and short-term rental portfolio.
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,Royal SB Condo Hotel
Construction TypeConcrete Block Construction
Listed withBest of Luxury Realty Corp.