Skip To Content

763 E Pennsylvania Ave

Miami Beach, FL 33139
  • $2,800,000
  • STATUS: Active
  • ON SITE: 111 Days
  • MLS #: A11663865
UPDATED: 29 min ago
$2,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,411
    SQFT
  • $635
    $/SQFT
Type:
Multi-Family
Built:
1936
County:

School Ratings & Info

Description

For sale is a portfolio of 13 fully-furnished studios at the Royal South Beach Condo/Hotel. Best South Beach location, steps to the beach, Lincoln Road & Espaola Way. The building is 3 stories-high with a total of 42 units and has already received its 40-Yr recertification. Units and Kitchenettes are fully equipped and legally approved for short-term/long-term rentals that may be self-managed or added to the Hotel Program (see attachments). All utilities & Concierge (24-Hr Front Desk) are included in HOA Monthly Fee. These properties can be sold individually or as the 13-unit portfolio, which totals 4,411 sq. ft. Inventory of units & Condo-Docs is included in the listing attachments. This is an AirB&B Cash Cow.

Monthly Payment Calculator



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 2025-01-13T21:51:37.37.
www.searchingfloridaproperties.com/homes/155666692
Print Image

763 E Pennsylvania Ave Miami Beach, FL 33139

  • Price: $2,800,000
  • Status: Active
  • On Site: 111 Days
  • Updated: 29 min ago
  • MLS #: A11663865
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,411
SQFT
$635
$/SQFT
1936
Built
Neighborhood:
Royal South Beach Condo,Royal Condo Hotel
County:
Miami-Dade
Area:
Royal South Beach Condo
Property Description
For sale is a portfolio of 13 fully-furnished studios at the Royal South Beach Condo/Hotel. Best South Beach location, steps to the beach, Lincoln Road & Espaola Way. The building is 3 stories-high with a total of 42 units and has already received its 40-Yr recertification. Units and Kitchenettes are fully equipped and legally approved for short-term/long-term rentals that may be self-managed or added to the Hotel Program (see attachments). All utilities & Concierge (24-Hr Front Desk) are included in HOA Monthly Fee. These properties can be sold individually or as the 13-unit portfolio, which totals 4,411 sq. ft. Inventory of units & Condo-Docs is included in the listing attachments. This is an AirB&B Cash Cow.
Exterior Features

Architectural Style DetachedOld Spanish Lot Features Less Than 1/4 Acre Lot Parking Total 0 Patio And Porch Features Patio Pool Private YN No Roof Concrete View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 4411 Building Area Total 4411 Cooling Central Air Flooring Ceramic FloorMarbleOther Heating None Heating YN No Interior Features Elevator Stories 3

Property Features

Association Fee 836 Association Fee Frequency Monthly Association YN Yes Building Name ROYAL SOUTH BEACH CONDO Cooling YN Yes Documents Available Inventory Horse YN No Listing Terms All CashConventionalOwner Will Carry New Construction YN No Property Sub Type Quadruplex Public Survey Section 3 Rent Includes ElectricityHot WaterGardenerTrash CollectionWater Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 3122 Tax Year 2023 Type Of Association Condo 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 2025-01-13T21:51:37.37.
 
https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11663865-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11663865-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11663865-2.jpg
Logo
World Impact Real Estate
4507 Furling Lane, Suite #203
Destin FL, 32541