Basic Information

  • MLS # A11811796
  • Status Active
  • Year Built 1936
  • Total Sqft 4,411
  • Date Listed 05/30/2025
  • Days on Market 6
Description

Great Redevelopment Opportunity. Own future control of the Royal South Beach Condominium-Hotel. Located two blocks from Ocean Drive’s beach access. This offer is to acquire 32 out of 42-total units (combined 9,503 square feet). Advertised in 2 separate MLS listings: A11809242 (18 Units) and Business Opportunity A11811796 (14 Units). Licensed for “nightly or long term-rentals” through self-managed or optional hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). Units currently rented, fully furnished with equipped kitchenettes. THIS OFFER IS NOT FOR THE ENTIRE BUILDING, but additional units can be negotiated for full ownership. Building passed 40-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 4,411Sq.Ft
  • Cooling Description Wall Window Units
  • Floor Description Ceramic Tile, Other
  • Heating Description None
  • Sqft 4,411 Sq.Ft

Property Features

  • Address 763 E Pennsylvania Ave
  • Aprox. Lot Size 4,411
  • City Miami Beach
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Cash
  • 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 $78,528
  • 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 2025
  • Terms Considered Cash
  • 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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