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763 E Pennsylvania Ave

Miami Beach, FL 33139
  • $7,360,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: A11811796
UPDATED: 34 min ago
$7,360,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1936
County:

School Ratings & Info

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.

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Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2025-06-21T22:51:32.19.
www.trinityteamrealty.net/homes/164358950
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763 E Pennsylvania Ave Miami Beach, FL 33139

  • Price: $7,360,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 34 min ago
  • MLS #: A11811796
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1936
Built
County:
Miami-Dade
Property 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.
Exterior Features

Frontage Length 12000 Inclusions Furniture/FixturesBusiness; Building And Land Lot Features Central Business DistrictCorner LotNear Seaport Parking Features Loading SpacesNo Guest ParkingOn Street Parking Total 0 Pool Private YN No Road Frontage Type City StreetMain Thoroughfare Roof Other View YN No Waterfront YN No

Interior Features

Cooling Wall/Window Unit(s) Flooring Ceramic FloorOther Heating None Heating YN No

Property Features

Association YN No Building Name Royal South Beach Condo-Hotel Business Type BusinessOtherRetail Cooling YN Yes Documents Available Aerial Photo(S)Bylaws And DocumentsInventory Horse YN No Insurance Expense 1000 Listing Terms All Cash New Construction YN No Ownership Self Proprietor/Individual Public Survey Section 3 Security Features Other Fire Protection Sewer Public Sanitation Structure Type CommercialFree StandingHotel/Motel Tax Annual Amount 78528 Tax Year 2025 Water Source Public Year Built Details Resale Zoning 6400

Listing courtesy of Best of Luxury Realty Corp.: .


Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2025-06-21T22:51:32.19.
 
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Trinity Realty
2435 US-19, Suite #200
Holiday FL, 34691