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Hospitality
For Sale
active
Boutique Hotel - Beachfront Location
1 Ocean Drive, Miami Beach, FL 33139
$32,000,000.00
Square Feet
45,000
Cap Rate
7.1%
NOI
$2,272,000.00
Year Built
1988
Description
Iconic boutique hotel with 85 rooms featuring direct beach access. Recently renovated with designer interiors. Includes rooftop restaurant/bar with panoramic ocean views. Strong RevPAR and growing market demand. Significant upside potential through improved operations.
Amenities & Features
Parking
HVAC
Security System
Elevator
Kitchen/Breakroom
Handicap Accessible
24/7 Access
Next Steps
Offer Accepted
This property has an accepted offer, but backup offers are still being considered.
1
Review Due Diligence
Access documents, financial statements, and property details
2
Submit Letter of Intent
Non-binding offer to start negotiations
3
Negotiate & Sign
Finalize terms and execute purchase agreement
4
Close Transaction
Complete inspections, financing, and closing
Access includes:
- Required financial & legal documents
- Seller-provided property information
- Submit Letter of Intent after review
Transaction Fee (Logarithmic):
- • 0.5% for deals over $8M
- • 1% for $1.25M - $8M
- • 2% for under $1.25M
Listed on Jan 1, 2026
