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Miami Beach,FL 33139
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 270 sqft
Price per Sqft $28,111
Subdivision Royal South Beach Condo
MLS Listing ID A11826748
Style High Rise
Bedrooms 33
Full Baths 33
Construction Status Condo-Hotel
HOA Fees $31,204/mo
HOA Y/N Yes
Min Days of Lease 1
Leases Per Year 365
Year Built 1936
Annual Tax Amount $80,940
Tax Year 2024
Property Sub-Type Condominium
Property Description
Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 square feet), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 square feet). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.
Location
State FL
County Miami-dade
Community Royal South Beach Condo
Area 42
Interior
Interior Features Elevator,Bar
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Other
Appliance Refrigerator
Exterior
Exterior Feature Patio
Amenities Available Elevator(s),Transportation Service
View Other
Porch Patio
Garage No
Private Pool Yes
Building
Architectural Style High Rise
Structure Type Block
Construction Status Condo-Hotel
Others
Pets Allowed Size Limit,Yes
HOA Fee Include Amenities,Insurance
Senior Community No
Tax ID 02-42-03-270-0050
Security Features Door Man,Elevator Secured,Lobby Secured
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Listed As-Is
Pets Allowed Size Limit,Yes
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11826748