Value Add Boutique Hotel 321 Collins Ave 26 Room Hotel Miami Beach, FL 33139 $8,350,000 ($321,154/Room)

A unique hospitality offering in the prime South of Fifth enclave, one block from the ocean in South Beach. This 8,766 SqFt, two-story, 66-room boutique hotel includes all new flooring, upgraded en-suite bathrooms, on-site laundry, oversized lobby, common area kitchen, freshly painted exterior, and completed 40-year recertification. Formerly known as Jazz on South Beach Hostel and most recently Lifehouse South of Fifth, the property currently holds 196 beds with potential capacity to increase to 218 beds. Feasibility study done for 3rd floor addition & new owner can activate lobby with liquor license/ food and beverage. Steps to the best restaurants, nightlife, and retail. This prime hospitality asset is located in one of Miami Beach’s most coveted and exclusive zones-South of Fifth-where high barriers to entry make it a true investor’s dream. Surrounded by ultra-luxury residential towers like Apogee, Glass, One Ocean, Beach House, and Continuum-where prices range from $1,500 - $5,000 per square foot-this property sits at the center of prestige and opportunity. The neighborhood is also home to some of Miami’s most iconic dining destinations, including Joe’s Stone Crab, Carbone, Milos Estiatorio, and Papi Steak. It’s a magnet for discerning residents and global visitors, drawn by the unparalleled lifestyle: a scenic waterfront pathway perfect for walking, jogging, or biking from beach to bay, with breathtaking views, vibrant parks, and easy access to the Miami Beach Marina-ideal for sunset cruises, fishing trips, or exploring the city by water. From the front steps of the hotel, you’re less than a two-minute walk to the pristine sands of South Beach.