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$7,360,000
Est. payment /mo
4,411 SqFt
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
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Listed by Best of Luxury Realty Corp.