Price Reduced 10.81%

$16,500,000

Est. Mortgage $87,820/mo *

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Price History

$18,500,000
11/17/2023

$17,500,000
5/13/2024

$16,500,000
5/22/2024

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.

Status:

Active

Type:

Commercial

Units:

25

Zoning:

3003

Garage:

Valet

Heating:

Central, Electric

Cooling:

Central Air

Est. Taxes:

$71,399

Construction

Block

Days on Market:

187

MLS #:

A11478399

Community Info

School Info

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Listing courtesy of ONE SOTHEBY'S INTERNATIONAL REALTY Phone: 305-538-9711