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Pinnacle Real Estate Group – FL

7320 Byron Avenue, Miami Beach, FL 33141 (MLS# A12003848)

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

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 clea ...

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
IDX
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.

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