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&B and short-term rental portfolio.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 33
- Full Bathrooms: 33
Interior Features
Appliances
Heating and Cooling
- Cooling Features: WallWindowUnits
- Heating Features: WallFurnace
- Heating: Yes
Exterior and Lot Features
- Patio
- Patio And Porch Features: Patio
- Patio: Yes
Garage and Parking
- Parking Features: OnStreet
Homeowners Association
- Association: Yes
- Association Amenities: Elevators, TransportationService
- Association Fee: 31204
- Association Fee Frequency: Monthly
- Association Fee Includes: Amenities, Insurance
- Calculated Total Monthly Association Fees: 31204
- Pets Allowed: SizeLimit, Yes
- Senior Community: No
Multi-Unit Info
- Number of Units In Community: 43
Condo Info
Rental Info
Other Property Info
- Annual Tax Amount: 80940
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2024
- Restrictions: DailyRentalsAllowed, OkToLease
- Source Property Type: Residential
- Area: 42
- List Development Name: Royal SB Condo Hotel
- Property Subtype: condo
- Source Neighborhood: ROYAL SOUTH BEACH CONDO
- Parcel Number: 02-42-03-270-0050
- Postal City: Miami Beach
- Postal Code Plus 4: 6116
- Public Survey Range: 42
- Public Survey Section: 3
- Public Survey Township: 2
- Subdivision: ROYAL SOUTH BEACH CONDO
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 270
- Year Built: 1936
- Building Area Total: 270
- Construction Materials: Block
- Entry Level: 2
- Entry Location: 2
- Property Age: 90
- Property Attached: Yes
- Building Total Stories: 3
- Year Built Details: Resale
- Architectural Style: HighRise
Home Features
- Security Features: DoorMan, ElevatorSecured, LobbySecured