7830 Abbott Ave, Miami Beach, FL 33141

Miami Beach
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
7830 Abbott Ave,Miami Beach, FL 33141
$7,999,900
Virtual Tour
  • - Beds
  • - Baths
  • 19,155 sq. ft.
  • Multi-family
  • Active
Listed by: santiago rodriguez
Office: stay plus llc.786-250-1810
MLS#:A12019182
Source:SEFMLS

Price summary

  • Price:$7,999,900
  • Price per sq. ft.:$417.64

About this home

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...

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Home facts

  • Year built:1963
  • Subdivision & Development:ALTOS DEL MAR NO 3
  • Listing ID #:A12019182
  • Updated:September 24, 2026 at 10:04 AM

Rooms and interior

  • Flooring:Tile, Vinyl
  • Living area:19,155 sq. ft.

Heating and cooling

  • Cooling:Electric

Structure and exterior

  • Roof:Concrete, Flat, Tile
  • Year built:1963
  • Building area:19,155 sq. ft.
  • Architectural Style:Fourplex
  • Construction Materials:Block, Brick
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$7,999,900
  • Price per sq. ft.:$417.64
  • Tax amount:$809,106 (2025)

Features and amenities

  • Amenities:Impact Glass Windows
  • Pool features:Above Ground, Pool

Parking

  • Total parking spaces:11
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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