124 11th St - Hospitality FOR SALE


Miami Beach, FL 33139- Lummus Park
$22,950,000 USD
443-340-2200
124 11th St, Miami Beach, FL for Sale
$22,950,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

124 11th St
Miami Beach, FL 33139
Lummus Park


OVERVIEW

Attention Trophy Property Buyers, now is your opportunity to purchase or rent THE ONLY freestanding residence on the iconic art deco South Beach promenade. This residence was one of the first homes ever built on South Beach. 50FT from Versace Mansion, 200 feet from South Beach & Ocean Drive. This is THE ONLY free standing single-family, 3 story mansion left to acquire that allows both residential & mixed-use commercial. Originally, there were 2 residences that could claim this title, Gianni Versace’s mansion residence & 124 11th St., however after Mr. Versace’s death, his residence was transformed into a hotel and restaurant. With direct access through two secure gates & a private elevator. The owner rent through a massive renovation on the building and was able to get approved to have an active AirBnb/STR/Hotel/Vacation Rental license and is currently on AirBnb for bookings. Brand new glass railings on the terraces are almost completed! We can also provide a clean inspection report by Wise Home Inspections as well as a 4-point and Wind Mit report.

FOR SALE DETAILS

PRICE

$22,950,000 USD

PRICE/SF

$6,675 USD /SF

# OF ROOMS

-

CAP RATE

Request Cap Rate

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,442 SF

ZONING

MXE, Miami

APN/PARCEL ID

02-3234-008-0270

ASK ABOUT THIS PROPERTY

Kacie AndersoneXp Realty, LLCMore Info
443-340-2200

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Kacie AndersoneXp Realty, LLCMore Info
443-340-2200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.