7320 Byron Avenue, Miami Beach, FL 33141
$4,590,000
Property Type:
Commercial Sale
Square Footage:
9,127
Status:
Active
Current Price:
$4,590,000
List Date:
4/19/2026
Last Modified:
8/26/2026
Overview
Description
...
(Read more)
Byron Avenue Suites represents an exceptional opportunity.The property features 16 fully furnished apartments, including 2 two-bedroom units, 9 one-bedroom units, and 5 studios. Each unit is equipped with a kitchenette (sink, refrigerator, microwave), allowing flexibility for both short-term and extended stays. This diverse unit mix caters to a wide range of travelers, including vacationers, families, and longer-stay guests, supporting consistent occupancy year-round. A key competitive advantage is the property’s grandfathered hotel license. Due to strict zoning and regulatory constraints in Miami Beach, new licenses are extremely limited, creating a strong barrier to entry and protecting long-term asset value. Byron Avenue Suites also benefits from an outstanding guest reputation:The property ranks as the #1 top-reviewed hotel in Miami Beach out of approximately 1,270 hotels. This strong track record supports repeat business, premium pricing, and consistent performance.There is clear upside potential through several strategic initiatives: implementing a direct booking platform to reduce platform fees and capture repeat guests. Additional enhancements, such as on-site laundry and outdoor amenities like a jacuzzi and lounge areas, offer opportunities to further increase revenue and guest satisfaction.
Listing Details MLS# A12003848
General Property Information
- Property Sub Type
- Hotel/Motel
- Number Of Units Total
- 3
- Occupant Type
- Tenant
- Building Area Main
- 9127
- Year Built
- 1941
- Lot Size Area
- 7500
- Lot Size Acres
- 0.17
Property Features
Documents Available:
Aerial Photo(s); Drawings
Possession:
Negotiable
Tenant Pays:
HVAC Maintenance; Maintenance
Road Frontage Type:
City Street
Structure Type:
Hotel/Motel
Contract Information
- Comp Sale YN
- No
- Original List Price
- 4900000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 7320
- Street Name
- Byron
- Street Suffix
- Avenue
- City Name
- Miami Beach
- State Or Province
- FL
- Postal Code
- 33141
- Postal Code +4
- 2613
- Area
- 2320
- Parcel Number
- 0232020030810
- Subdivision Number
- 3
- Zoning
- 3900
- Flood Zone
- AE
Financial Information
- Tax Annual Amount
- 40845
- Tax Year
- 2025
- Tax Legal Description
- HARDING TOWNSITE PB 34-4 LOT 5 BLK 7 LOT SIZE 50.000 X 150 OR 20394-4054 0502 1 COC 23571-4766 07 2005 1
Status Change Information
- Major Change Timestamp
- 2026-06-05T00:40:28Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-06-05T00:40:28Z
- Status Change Date
- 2026-04-20
More Information
Income and Expenses
- Gross Scheduled Income
- 700000
- Net Operating Income
- 390000
Description of Unit Type 1
- Unit Type
- 1 Bedroom
- Units Total
- 9
- Furnished
- Yes
Description of Unit Type 2
- Unit Type
- 2 Bedroom
- Units Total
- 2
- Furnished
- Yes
Description of Unit Type 3
- Unit Type
- Efficiency
- Units Total
- 5
- Furnished
- Yes
Price Calculations
- Current Price To SqFt
- 502.9
Section Details
- Parcel Number MLX
- 0810
Originating Details
- Originating System Key
- 456607455
- Originating System ID
- M00000151
Listing Office:
Gary Hennes Realtors
Last Updated: August - 26 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
