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1400 West Ave - South Beach Houses with STR License 3,246 SF Specialty Building Offered at $7,950,000 in Miami Beach, FL 33139
Investment Highlights
- Two renovated single-family houses with short-term rental licenses
- City allows for new single-family construction with STR license on each lot
- Prime South Beach location near the Bay, Lincoln Road, and Flamingo Park
- Existing licensed, 10-room short-term rental operation
- RM-1 zoning allows for a new 5-story condo or multifamily development
- Ideal for investor/operator or developer
Executive Summary
ATTENTION STR OPERATORS AND/OR DEVELOPERS!
A RARE FIND IN SOUTH BEACH! Unique opportunity to acquire two adjacent, single-family homes in the heart of South Beach licensed for short-term rentals. The houses are renovated with impact windows and doors, and offered turnkey and fully furnished – see Villa Diamond in South Beach and Villa Colors of South Beach on Airbnb, Vrbo and other STR sites. They can be demolished to make room for two brand new single-family homes – more than double the size of the existing houses - while retaining the short-term rental license. This is an amazing opportunity for an investor/operator. Alternatively, a developer may choose to construct a new 5-story condo or multifamily residential development, steps from the Bay. Prime location a few blocks from Lincoln Road’s shops and restaurants, and Flamingo Park’s aquatic center and extensive sports amenities. Ideal for investor/operator or developer!
Sold as a package with 1315 14th Street.
A RARE FIND IN SOUTH BEACH! Unique opportunity to acquire two adjacent, single-family homes in the heart of South Beach licensed for short-term rentals. The houses are renovated with impact windows and doors, and offered turnkey and fully furnished – see Villa Diamond in South Beach and Villa Colors of South Beach on Airbnb, Vrbo and other STR sites. They can be demolished to make room for two brand new single-family homes – more than double the size of the existing houses - while retaining the short-term rental license. This is an amazing opportunity for an investor/operator. Alternatively, a developer may choose to construct a new 5-story condo or multifamily residential development, steps from the Bay. Prime location a few blocks from Lincoln Road’s shops and restaurants, and Flamingo Park’s aquatic center and extensive sports amenities. Ideal for investor/operator or developer!
Sold as a package with 1315 14th Street.
Property Facts
| Price | $7,950,000 | Lot Size | 0.25 AC |
| Price Per SF | $1,321.04 | Building Size | 6,018 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1938 |
| Property Subtype | Residential Income | ||
| Zoning | RM-1 - RM-1 Residential Multifamily Low Intensity. Zoning allows for a new 5-story condo or multifamily development. | ||
| Price | $7,950,000 |
| Price Per SF | $1,321.04 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.25 AC |
| Building Size | 6,018 SF |
| No. Stories | 2 |
| Year Built | 1938 |
| Zoning | RM-1 - RM-1 Residential Multifamily Low Intensity. Zoning allows for a new 5-story condo or multifamily development. |
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02-3233-016-0480 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,469,557 |
Property Taxes
Parcel Number
02-3233-016-0480
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,469,557
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1400 West Ave - South Beach Houses with STR License