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Royal South Beach Unit 103 For Sale

$194,500
763 Pennsylvania Avenue 103 · Ocean Drive · Miami Beach
Royal South Beach Unit 103 For Sale
$194,500
763 Pennsylvania Avenue 103 · Ocean Drive · Miami Beach
MLS A12044308
763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 1 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 2 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 3 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 4 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 5 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 6 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 7 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 8 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 9 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 10 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 11 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 12 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 13 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 14 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 15 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 16 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 17 of 18763 Pennsylvania Avenue 103, 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139, photo 18 of 18
$194,500Asking Price
$720Per SqFt
0/1Beds/BathsBd/Ba
270SqFt · 25.1 m²
Royal South Beach · MLS A12044308 · 127 days on Zilbert · Listed Jun 27, 2026 · 763 Pennsylvania Avenue 103, Ocean Drive, Miami Beach FL 33139

Property Details

Asking Price$194,500
Price per SqFt$720
Maintenance Fee$836 Monthly
Property Taxes$2,500 2025
Interior Space270 SqFt
Beds/Baths0/1
Year Built1936
MLS #A12044308

Location

Directions

From the listing

Studio in a vintage condo-hotel called Royal South Beach. Unit comes fully furnished. No Rental Restrictions. Approved for Nightly Rentals that can be self-managed or through the Hotel Rental Program. You may also rent the unit for longer terms. HOA fee covers all utilities, insurances, cable, and concierge services. Lobby entrance is on Pennsylvania Ave & 8th Street, and the building sits on a corner-lot facing Washington Ave. Elevator on premises to access the 2nd and 3rd floors and the private sundeck. The ground level features a restaurant, bar and convenience store. This property is in central South Beach's entertainment district, very walkable to local restaurants, bars, and beach access on Ocean Drive. This is an ideal property to be used as a seasonal vacation home or income-producing via AirBnB. *** In addition to this listing, I have an additional 17 units for sale in this building, all from the same owner. Buy all units for $3.5M OBO. *** Building is 40-Yr Certified and in the process of completing the 50-Yr Recertification. Don't miss this great opportunity to enhance your rental portfolio from a Motivated Seller. No conventional financing is Available. Must purchase cash or through private lending. Call Listing Agent for any questions. See attachments available in the MLS. Easy to show by gaining access through the front desk attendant.

Listed by Best of Luxury Realty Corp.

What It Costs to Own

Monthly, before a mortgage and insurance

Maintenance$836
Property taxes$208
Per month$1,044

Maintenance $836 a month; taxes $2,500 for 2025. MLS figures, which may not be accurate.

Sales History for This Home · Royal South Beach Unit 103

Sales history is unavailable for this property

Mark Zilbert, Global Real Estate Advisor
Mark Zilbert
Global Real Estate Advisor · ONE Sotheby's International Realty · I track every sale at Royal South Beach. Ask me about this home or the neighborhood.

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.

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.

Ask Mark