Basic Information

  • MLS # A11811796
  • Status Active
  • Year Built 1936
  • Total Sqft 10,083
  • Date Listed 05/30/2025
  • Days on Market 28
Description

Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 square feet), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 square feet). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description On Street
  • Roof Description Other

Interior Features

  • Adjusted Sqft 10,083Sq.Ft
  • Cooling Description Wall Window Units
  • Heating Description Window Unit, Wall Furnace
  • Sqft 10,083 Sq.Ft

Property Features

  • Address 763 E Pennsylvania Ave
  • Aprox. Lot Size 10,083
  • City Miami Beach
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Cash, Other
  • Occupant Type Tenant
  • Parking Features On Street
  • Possession Close Of Escrow
  • Postal City Miami Beach
  • Public Survey Township 2
  • Roof Other
  • Sewer Description Public Sewer
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $80,940
  • Tax Legal desc R O Y A L S O U T H B E A C H C O N D O U N I T117 U N D I V466/20383 I N T I N C O M M O N E L E M E N T S O F F R E C21561-4692 C O C26462-36780620085
  • Tax Year 2024
  • Terms Considered Cash, Other
  • Water Source Public
  • Year Built Details Resale

763 E Pennsylvania Ave

Miami Beach, FL 33139

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Best of Luxury Realty Corp.. tel: 305-407-1657

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