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Pinnacle Real Estate Group – FL

7830 Abbott Avenue, Miami Beach, FL 33141 (MLS# A12019182)

7830 Abbott Avenue, Miami Beach, FL 33141

$7,999,900
Property Type: Residential Income Square Footage: 19,155 Status: Active
Current Price: $7,999,900 List Date: 5/15/2026 Last Modified: 8/21/2026

Overview

Description

A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1M+ in gross annual revenue with a 5.13% cap rate and $436,287 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. The numbers speak clearly: 50% LTV financing, $113,970 annual cash flow after debt service, a projected 10.79% levered IRR, 2.57x equity multiple, and $7M+ in profit over a 10-year hold. 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 ...

Supplements: 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.

Listing Details MLS# A12019182

General Property Information

Number Of Units Total
3
Property Sub Type
Quadruplex
Building Area Main
19155
Living Area Main
19155
Adjusted Area Main
19155
Year Built
1963
Parking Total
11
Stories Total
2
Pool Private YN
Yes

Property Features

Documents Available: Financial Statement; Investment Analysis; Other Available Information Electric: Circuit Breakers Flooring: Tile; Vinyl Property Condition: Resale; Updated/Remodeled Structure Type: Multi Family Construction Materials: Block; Brick Heating: Separate Meters; Other Listing Terms: Cash; Conventional Pool Features: Above Ground Possession: Close Of Escrow; Negotiable Roof: Concrete; Flat; Tile Sewer: Public Sewer Tax Information: City/County Utilities: Cable Not Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen Unit 2 Appliances: Disposal; Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 3 Parking Features: Open Parking Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
8499000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
7830
Street Name
Abbott
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33141
Postal Code +4
2092
Postal Zip
33141
Subdivision Name
ALTOS DEL MAR NO 3
Area
2320
Elementary School
Biscayne Beach
Middle Or Junior School
Miami Beach Nautilus
High School
Miami Beach
Parcel Number
0232020071180
Subdivision Number
7
Zoning
3900
Flood Zone
AE

Financial Information

Tax Annual Amount
809106
Tax Year
2025
Tax Legal Description
ALTOS DEL MAR NO 3 PB 8-41 LOT 10 BLK 16 LOT SIZE 50.000 X 113 OR 17257-2417 0696 5 (2)

Status Change Information

Major Change Timestamp
2026-08-21T19:53:33Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-08-21T19:53:33Z
Status Change Date
2026-05-18

More Information

Meter Information

Separate Electric Meters YN
Yes

Income and Expenses

Gross Income
91000

Unit 1 Details

Actual Rent
3640
Baths Full
Yes
Efficiency YN
Yes
Furnished
Furnished
SqFt
500

Unit 1 Lease Description

Lease Term
Month To Month

Unit 2 Details

Actual Rent
29120
Baths Full
8
Efficiency YN
No
Furnished
Furnished
SqFt
750

Unit 2 Lease Description

Lease Term
Month To Month

Unit 3 Details

Actual Rent
58240
Baths Full
16
Efficiency YN
No
Furnished
Furnished
SqFt
620

Unit 3 Lease Description

Lease Term
Month To Month

Price Calculations

Current Price To SqFt
417.64

Section Details

Parcel Number MLX
1180

Originating Details

Originating System Key
475856202
Originating System ID
M00000151
IDX
Listing Office: Stay Plus LLC
Last Updated: August - 21 - 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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