Miami Beach, FL 33139 763 E Pennsylvania Ave
$7,590,000
Presented By: This listing is courtesy of Best of Luxury Realty Corp.;
SQFT • 10,083
Home Details
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.
Presented By: This listing is courtesy of Best of Luxury Realty Corp.;
Interior Features for 763 E Pennsylvania Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
General for 763 E Pennsylvania Ave
Additional Parcels Y/NNo
Attached Garage No
Building NameRoyal South Beach Condo-Hotel
Business NameRoyal South Beach
Business TypeOther, Retail
Carport Y/NNo
CityMiami Beach
CoolingWallWindowUnits
CountyMiami-Dade
DirectionsCorner of 7 Street and Washington Avenue, South Beach
Garage Y/NNo
HOANo
HeatingWindowUnit, WallFurnace
Home Warranty Y/NNo
Insurance Expense1000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionROYAL SOUTH BEACH CONDO UNIT 117 UNDIV 466/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692 COC 26462-3678 06 2008 5
Listing TermsCash, Other
Lot Size UnitsSquareFeet
MLS Area42
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
OwnershipSelf Proprietor/Individual
PossessionCloseOfEscrow
PostalCityMiami Beach
Property Attached Y/NNo
Property TypeBusinessOpportunity
Rent Control Y/NNo
RoofOther
Security FeaturesOther
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsAppointment Only
Standard StatusActive
StatusActive
Tax Annual Amount80940.0
Tax Year2024
Virtual TourClick here
Year Built1936
Year Built DetailsResale
Zoning Description6400
Exterior for 763 E Pennsylvania Ave
Building Area Total10083.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions12000
Parking FeaturesOnStreet
Private PoolNo
Road Frontage TypeCityStreet, MainThoroughfare
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Lovelyne Dorastin
Realtor®
