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763 E Pennsylvania Ave

Miami Beach, FL 33139
  • $7,590,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: A11811796
UPDATED: 36 min ago
$7,590,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1936
County:

School Ratings & Info

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.

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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 2025-07-10T20:53:03.93.
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763 E Pennsylvania Ave Miami Beach, FL 33139

  • Price: $7,590,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 36 min ago
  • MLS #: A11811796
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1936
Built
County:
Miami-Dade
Property 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.
Exterior Features

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

Interior Features

Building Features ElevatorRestaurant Cooling Wall/Window Unit(s) Heating Wall/Window Units Heating YN Yes

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 DocumentsCopy Of Lease(S) 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 80940 Tax Year 2024 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 2025-07-10T20:53:03.93.
 
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Family Office Real Estate
100 Lincoln Rd.
Miami Beach FL, 33139