763 E Pennsylvania Ave, Miami Beach, FL 33139

Commercial Property
Built in 1936
—— sqft lot
—— car garage
$——/sqft
Listed 24 days ago

Property 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.

Listing Status:: Active
Date Added:: May 29, 2025 at 05:00AM
Listing Office:: Best of Luxury Realty Corp. : 305-407-1657
Listing Agent:: Dennys Gonzalez : 786-306-7965
MLS ID:: A11811796

A/C: Wall/Window Unit(s)
Heating: Wall/Window Units

This listing courtesy of Dennys Gonzalez, Best of Luxury Realty Corp.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

South Pointe Elementary School

1050 4th St, Miami Beach, FL, 33139

Grades PK-5

0.49 miles away

Nautilus Middle School

4301 N Michigan Ave, Miami Beach, FL, 33140

Grades 6-8

2.53 miles away

Miami Beach Senior High School

2231 Prairie Ave, Miami Beach, FL, 33139

Grades 9-12

1.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.