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  1. Home
  2. 501474c21cdf5e17d1bd5cc0095bf2f4

501474c21cdf5e17d1bd5cc0095bf2f4

$ 7,590,000
763 E Pennsylvania Ave, Miami Beach FL 33139,
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Overview

  • Updated On:
  • June 22, 2025

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.

Address

Address: 763 E Pennsylvania Ave, Miami Beach FL 33139
City:
State/County:
Zip: 33139
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Details

Property Id : 408439
Price: $ 7,590,000
BridgeModificationTimestamp: 2025-06-22T06:45:42.050Z
BuildingName: Royal South Beach Condo-Hotel
BusinessType: Business,Other,Retail
ContractStatusChangeDate: 2025-05-29
Cooling: Wall/Window Unit(s)
Directions: Corner of 7 Street and Washington Avenue, South Beach
FinancialDataSource: Owner Provided
FrontageLength: 12000
InsuranceExpense: 1000
ListAOR: A-Miami Association of REALTORS
ListAgentEmail: dg@bestofluxuryrealty.com
ListAgentFullName: Dennys Gonzalez
ListAgentKey: 11039a5e41a4326c0b7a83562d895a0f
ListAgentOfficePhone: 305-407-1657
ListOfficeKey: 94e88d0b88fb73d4d60231eefdc07743
ListOfficeName: Best of Luxury Realty Corp.
ListOfficePhone: 305-407-1657
ListingContractDate: 2025-05-29
ListingKeyNumeric: 412126916
ListingTerms: All Cash
LivingAreaUnits: Square Feet
LotSizeUnits: Square Feet

Features

Other Features
Has Cooling System
Has Heating System
Open Parking

Calculator

$ 38,915.43
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 29,427.93

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