Overview

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  • Status: Active
  • Parking No info
  • Size: 4,411 ft2/409.80 m2
  • Price Per: $634.78 ft2/$6,832.68 m2
  • Type: Multifamily
  • Built: 1936
  • HOA: $836.00/MO
  • MLS Number: A11663865
  • View No info
  • On Site: 149 days
  • Updated: 98 Days Ago
  • Page Views: 4

For sale is a portfolio of 13 fully-furnished studios at the Royal South Beach Condo/Hotel. Best South Beach location, steps to the beach, Lincoln Road & Española Way. The building is 3 stories-high with a total of 42 units and has already received its 40-Yr recertification. Units and Kitchenettes are fully equipped and legally approved for short-term/long-term rentals that may be self-managed or added to the Hotel Program (see attachments). All utilities & Concierge (24-Hr Front Desk) are included in HOA Monthly Fee. These properties can be sold individually or as the 13-unit portfolio, which totals 4,411 sq. ft. Inventory of units & Condo-Docs is included in the listing attachments. This is an AirB&B Cash Cow.

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Development Amenities

Development Amenities:

  • Barbecue
  • Bike Storage
  • Clubhouse / Clubroom
  • Elevators
  • Fitness Center
  • Laundry
  • Picnic Area
  • Pool
  • Recreation Facilities
  • Sauna
  • Spa Hot Tub
  • Storage
  • Trails
  • Trash Chute

Price History

DateEventPriceChange RatePrice Per
11/13/2024Price Reduced$2,800,000.001.1%$634.78 ft2/$6,832.68 m2
09/23/2024Listed$2,830,000.00$641.58 ft2/$6,905.89 m2

Features

Property Details for 763 E Pennsylvania Ave, Miami Beach, FL 33139

Royal Condo, Multifamily current status is Active, 763 E Pennsylvania Ave is a Multifamily in , Miami Beach, FL 33139 with property MLS ID# A11663865. This Multifamily has been listed on Best of Luxury Realty since September 23, 2024 and is currently priced at 2,800,000. This property was built in 1936.

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Area Specialist

Buyer/Tenant Etiquette
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Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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