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Majestic Hotel South Beach 660 Ocean Dr 49 Room Hotel Miami Beach, FL 33139 For Sale
INVESTMENT HIGHLIGHTS
- 49-room Art Deco hotel in Miami Beach’s historic Art Deco District
- Stabile commercial income from two long-standing tenants (restaurant & retail)
- Building re-certified until 2031
- Prime corner location on Ocean Drive, directly facing Miami Beach
- Professionally managed and operated – no major deferred maintenance
- Mixed-use entertainment (MXE) zoning allows multiple uses and future repositioning potential
EXECUTIVE SUMMARY
The Majestic South Beach is an exceptionally located oceanfront historic boutique hotel situated at the absolute center of South Beach’s Art Deco district. Originally constructed in 1941, the three-story hotel contains 17,808 square feet, and features 49 guestrooms, 24-hour reception, an on-site lobby and terrace restaurant and bar named Ocean Seven 7 Café, and a gift and convenience shop available to guests. In addition to its idyllic location opposite Miami Beach and Lummus Park, the Majestic Hotel is only seconds from outstanding shopping, restaurants and nightlife.
The Majestic Hotel occupies a premier position at 660 Ocean Drive in the heart of Miami Beach’s South Beach neighborhood. Situated directly across from the Atlantic Ocean, the property fronts one of the most celebrated stretches of Ocean Drive, placing it at the center of a world-renowned hospitality and tourism destination. Its location offers a combination of visibility, accessibility, and cultural significance that is unmatched in South Florida.
The Majestic Hotel occupies a premier position at 660 Ocean Drive in the heart of Miami Beach’s South Beach neighborhood. Situated directly across from the Atlantic Ocean, the property fronts one of the most celebrated stretches of Ocean Drive, placing it at the center of a world-renowned hospitality and tourism destination. Its location offers a combination of visibility, accessibility, and cultural significance that is unmatched in South Florida.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 13,851 SF |
| Property Type | Hospitality | No. Rooms | 49 |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 1941/2020 |
| Lot Size | 0.17 AC | Corridor | Interior |
| Zoning | MXE - Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more. | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 13,851 SF |
| No. Rooms | 49 |
| No. Stories | 3 |
| Year Built/Renovated | 1941/2020 |
| Corridor | Interior |
| Zoning | MXE - Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more. |
AMENITIES
- Restaurant
- On-Site Retail
- High Speed Internet Access
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 49 | $274.00 | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 02-4203-004-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,514,900 |
PROPERTY TAXES
Parcel Number
02-4203-004-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,514,900
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Majestic Hotel South Beach | 660 Ocean Dr
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