1400 West Ave, Miami Beach FL 33139

$7,950,000

Overview

Hotel/Motel
Property Type

Square Feet
Area Size

Square Feet
Land Area

1938
Year Built

One Sotheby's International Realty
Listing Office

Susan Gale
Listing Agent

A12016101
Property ID

360° Virtual Tour

Description

Positioned in the heart of South Beach, this rare assemblage at 1400 West Avenue and 1315 14th Street presents a unique opportunity to acquire two adjacent single family homes licensed for short term rentals. Offered turnkey and fully furnished, both properties have been renovated with impact windows and doors and are currently operating as income producing assets. A true value add and redevelopment opportunity, the existing homes may be replaced with two new luxury single family residences more than double the size while retaining the highly coveted short term rental licenses. Alternatively, developers may explore the potential for a new 5 story condominium or multifamily project, just steps from Biscayne Bay. Prime location within walking distance to Lincoln Road, Sunset Harbour, top restaurants, shopping, and Flamingo Park’s aquatic center and sports amenities. An exceptional opportunity for an investor, operator, or developer in one of Miami Beach’s most desirable neighborhoods.

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