Miami Beach Short-Term Rental Opportunity

4025 Indian Creek Drive, Miami Beach, FL

$13,690,000

Price

13,120 sqft

Building Size

0.15 acres

Lot Area

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Street
Map
Overview
Building Size
13,120 sqft
Lot Area
0.15 acres
Class
A
Units
19
Year Built
1939
Zoning
RM2
Floors
3
Year Last Renovated
2020-2021
Description

ONE Sothebys is pleased to offer for sale 4025 Indian Creek Drive, a 19-unit condo on Miami Beach. This building is a unique property based in one of Miami Beaches' most popular areas. The property offers 12 1/1 units, 4 2/1 units, and 3 2/2 units in the heart of Miami Beach and is currently operating as a Short-Term Rental facility with a hotel license in place which is transferable with the sale. Zoning permits single-family detached, townhomes, apartments, hotels, offices, parking garages commercial businesses, and more. The units in this property's monthly rent is $5,923, making this building a high-income establishment. The submarket of Miami Beach is a wealthy coastal area located in the middle of Miami Beach.

The building offers a pristine location with a variety of nearby experiences. This building has excellent exposure to Miami Beach. It is located off of one of Miami Beach's most recognizable streets, Arthur Godfrey Road. Numerous iconic hotels populate the neighborhood, including, SoHo House, the Thompson, the iconic Fontainebleau Hotel, the Confidante, and other prominent locations. The building also offers walking distance to some of Miami's finest restaurants as well as shops, banks, and much more. This Miami Beach district is the perfect choice for those wanting to lounge on the beach during the day and explore the thriving nightlife scene after dark.

4025 Indian Creek- Also known as The Carmela is a walker’s paradise. You can walk pretty much anywhere from the properties including the world-renowned beach, Whole Foods, Flamingo Park, Lincoln Road, Miami Beach Convention Center, Washington Avenue, Collins Avenue, and Ocean Drive. The recently completed$600+ million renovation of the Miami Beach Convention Center will add significant employment and hospitality opportunities in the immediate area. The project includes over 800 hotel rooms, 500,000 square feet of contiguous exhibit space, over 120,000 square feet of ballroom space, 880 parking spaces, and 12 acres of parks will bring more jobs to an already bullish hotel/tourist trade.

South Beach remains the most internationally recognized City in Florida. An international brand in itself that has over 5 million hotel bookings each year. Encompassing just two square miles at the southern tip of Miami Beach, South Beach is known for its Art Deco-style hotels and apartment buildings. The scarcity of land and high barriers to entry make Miami Beach the second-highest housing density in the US, not too far behind New York City. There is a limited supply of rental units on South Beach due to geographical barriers and many apartment units are being converted to condos.

Documents
Title
MiamiBeachCarmela-_OMbyMannyChamizo02.2024.pdf
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Location
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