Property Details
| Asking Price | $195,000 |
|---|---|
| Price per SqFt | $722 |
| Maintenance fee | $836 Monthly |
| Property Taxes | $2,500 2025 |
| Interior Space | 270 SqFt |
| Beds/Baths | 0/1 |
| Year Built | 1936 |
| MLS # | A12044308 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Fees and taxes based on MLS provided figures, and may not be accurate
From the listing
Offering this 270 sq. ft. Condo-Studio with no Rental Restrictions. A perfect vacation home, or income-producing property with approved nightly-rentals that can be self-managed. Optional Hotel Rental Program is available. HOA fee is $836 monthly, inclusive of all utilities, insurances and 24/7 front desk concierge services. Property is in the Royal South Beach Condo-Hotel. Main entrance at Pennsylvania Ave & 8th Street (west), facing Washington Ave (east side). Property built in 1936 with 42 residential units (4 1bed/1bath & 38 studios), and 4 ground-level commercial/retail spaces operating as a restaurant-bar and convenience store. Elevator to access 2nd and 3rd floors (residential units), and a private sundeck on second floor. This is a spectacular location, at the heart of South Beach's entertainment and hotel district within a short walk to publicly accessed beaches along renowned Ocean Drive. This offering is for Unit # 103, on the second floor, priced at $200,000. However, I am offering an additional 17 units as an 18-unit package deal for $3.6M. Additionally, I am offering the 4 commercial spaces on ground-level at an additional $2.8M. There is flexibility to purchase this single unit, a batch of several units, or the entire package comprised of 18 condo units and the 4 commercial spaces (all fully rented). The building passed its 40-Yr Recertification. The 50-Yr Recertification process is pending with the engineering report and cost estimate already in place.
Listed by Best of Luxury Realty Corp.
Sales History for This Home · Royal South Beach Unit 103
Sales history is unavailable for this property
Listed by Best of Luxury Realty Corp.. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
Ask Mark About This Listing
Questions, showings, offers. This goes straight to Mark Zilbert.
A question about the website itself, such as something broken, the Terms, or your account? Use the site-help form
This goes to the site team at [email protected], not into the real-estate pipeline.
Location
The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.