Royal Condo 763 E Pennsylvania Ave Miami Beach, FL 33139
FOR SALE - Active
$2,800,000
$2,830,000
(1.1%)
Studio
Beds
4,411
Sq.Ft.
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- 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: 150 days
- Updated: Listing Refreshed: 99 Days Ago
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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 11/13/2024 | Price Reduced | $2,800,000.00 | 1.1% | $634.78 ft2/$6,832.68 m2 |
| 09/23/2024 | Listed | $2,830,000.00 | $641.58 ft2/$6,905.89 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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