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Royal South Beach Condo-Hotel

$7,360,000

763 E Pennsylvania Ave, Miami Beach, FL 33139

Active
Last Updated: 05/30/2025

1936

Year Built

 
Details:
Year Built:    1936
Highlights:
  • Lot Features: Central Business District, Corner Lot, Near Seaport
  • Documents Available: Aerial Photo(S), Bylaws And Documents, Inventory
  • Cooling: Wall/Window Unit(s)
  • Heating: None
  • Flooring: Ceramic Floor, Other
  • Parking Features: Loading Spaces, No Guest Parking, On Street
  • Security Features: Other Fire Protection
  • Insurance Expense: 1000
  • Ownership: Self Proprietor/Individual
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.

Map:
Location
Gallery