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Max Cruz

max@maxcruzrealtor.com +1(786) 592-8102

$ 200,000

Est. payment | -/mo

1 Bath

270 SqFt

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$ 200,000

Est. payment | -/mo

Save Virtual Tour

1 Bath

270 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 270 sqft

Price per Sqft $740

Subdivision Royal South Beach Condo

MLS Listing ID A12044308

Style None

Full Baths 1

HOA Fees $836/mo

HOA Y/N Yes

Min Days of Lease 1

Leases Per Year 360

Year Built 1936

Annual Tax Amount $2,500

Tax Year 2025

Property Sub-Type Condominium

Property Description

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.

Location

State FL

County Miami-dade

Community Royal South Beach Condo

Area 42

Interior

Interior Features Handicap Access, Elevator

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Ceramic Tile

Appliance Electric Range, Microwave, Refrigerator

Laundry Common Area

Exterior

Exterior Feature Deck

Amenities Available Elevator(s), Laundry, Other, Trash

View Other

Handicap Access Accessibility Features

Porch Deck

Garage No

Private Pool Yes

Building

Architectural Style None

Structure Type Block

Schools

Elementary Schools South Pointe

Middle Schools Nautilus

High Schools Miami Beach

Others

Pets Allowed No

HOA Fee Include Amenities

Senior Community No

Restrictions Daily Rentals Allowed,Okay to Lease 1st Year,OK To Lease

Tax ID 02-42-03-270-0050

Security Features Door Man,Lobby Secured

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Listed As-Is

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12044308

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Best of Luxury Realty Corp.

Schools and Properties Nearby

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Phone

+1(786) 592-8102

max@maxcruzrealtor.com

763 Pennsylvania Ave #103 Miami Beach, FL 33139