7830 Abbott Avenue, Miami Beach, FL 33141

$7,499,999 — Active

Property Features

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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. 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.

▼ Price Reduced — originally listed at $8,499,000

Property Details

  • Listing ID: A12019182
  • Status: Active
  • Listing Date: 2026-05-15
  • Property Type: Quadruplex
  • Subdivision: ALTOS DEL MAR NO 3
  • County: Miami-Dade
  • MLS Area: 2320
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 19,155
  • Year Built: 1963

Financial

  • List Price: $7,499,999
  • Original List Price: $8,499,000
  • HOA Fee: None
  • Taxes: $809,106/yr

Features & Amenities

  • Cooling: Electric
  • Heating: Other, Separate Meters
  • Flooring: Tile, Vinyl
  • Construction: Block, Brick
  • Roof: Concrete, Flat, Tile

Courtesy of Stay Plus LLC
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© 2026 Starfish Real Estate. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.