Just steps from Ocean Drive and in the heart of South Beach, this classic 40-room hotel reopened in 2018 after careful restoration and beautifully renovated to recapture the grandeur of the 1930’s Art Deco era while offering modern luxury finishes. Renovations include new plumbing and electrical system, elevator, HVAC, fire sprinkler system, security cameras, and impact windows and doors throughout. The property offers a spacious outdoor seating area and ground floor retail space, currently leased on a month-to-month basis. Mixed-use entertainment (MXE) zoning allows for hotel, retail, and more in a world-class destination. The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility. The building has been recertified until 2025.
|DAYS ON MARKET||325||LAST UPDATED||7/17/2020|
|YEAR BUILT||1935||COUNTY||Miami-Dade County|
|Prior to Jul 17, '20||$17,000,000|
|Jul 17, '20 - Today||$14,900,000|
|BOARD IDENTIFIER||A-Miami Association of REALTORS|
|CONSTRUCTION TYPE||Concrete Block Construction|
|FLOOR DESCRIPTION||Tile Floors|
|LISTING TYPE||Exclusive Right to Sell/Rent|
|PROP TYPE TYPEOF BUILDING||Hotel/Motel|
|ROAD TYPE DESCRIPTION||Two Lane|
|ROOF DESCRIPTION||Concrete Roof|
|SALE INCLUDES||Building & Land|
|SHOWING INSTRUCTIONS||Call Listing Agent|
|STYLEOF PROPERTY||Hotel Non-Waterfront|
|TERMS CONSIDERED||All Cash, Conventional/Refinance|
|WATERFRONT PROPERTY YN||0|
|YEAR BUILT DESCRIPTION||Resale|
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Listed with One Sotheby's International Realty
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