$7,499,999
7830 Abbott Ave, Miami Beach FL 33141
169 days on marketPrice reduced $499,901 on Sep 25, 2026
- Living area
- 19,155 sqft
- Price per sqft
- $392
- Type
- Quadruplex
- Year built
- 1963
- Taxes
- $809,106/yr
- MLS #
- A12019182
About this home
A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1.1M+ in gross annual revenue with a 6.4% cap rate and $483,615 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for North Beach at this price point. Four exit strategies: redevelop, rebrand, hold, or resell, with no capital restructuring required. Miami Beach's stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesn't offer twice. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.
Estimated subtotal
$67,426/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $67,426
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Miami Beach, 33141
What to check here
Compare association costs, flood exposure and financing across distinct condo submarkets.
Listing courtesy of Stay Plus LLC
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.