USAFLMiami BeachAltos Del Mar No 37830 Abbott Ave
Listing image | Image 1

7830 Abbott Ave, Miami Beach, FL

House

For Sale

Listed price in listed location currency (USD).
$7,499,999

0011

MLS® A12019182

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 19155 sqft
Garage 
Taxes $809,106
Days Active 167
Lot Size 0 SF
Approx. Age 1963
Avg. Price Per Sqft $391
MLS® Number A12019182

Property Address: 7830 Abbott Ave, Miami Beach, FL, 33141-2092

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberA12019182
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1963
Basement
Driveway
Garage Spaces
HeatOther
A/CElectric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 18, 2026List Date
$7,499,999List Price
  • Commute

Commute

Starting Address
Destination Address
7830 Abbott Ave, Miami Beach, FL

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