$9,000,000
Miami Beach, FL 33139
MLS# A10027825
Status: Closed
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Property Description
SOBE HOTEL plus adjoining lot w/approved plans for development. Renovated Art Deco boutique hotel w/lobby cafe & 24 spa suites boasting steam showers w/multi-jet massage systems. Proposed plans will increase the room count to 41 keys w/a 44-seat restaurant, parking, & a rooftop swimming pool & sundeck. Income-producing property w/amazing upside in sought-after South of Fifth St, 2 blocks to the ocean, & steps from new, multimillion dollar developments. Exciting opportunity!
Details
Contract Information
Comp Sale YN: No
LP/Acre: 54360578.8
Listing Date: 2016-01-13
Status: Closed
Original List Price: 15900000
Sold Price: $9,000,000
Current Price: $9,000,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Municipal Code: 2
Postal Zip: 33139
Subdivision Number: 3
Country: United States
Street Number: 347
Street Name: Washington
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33139
Postal Code +4: 6906
Subdivision Name: Ocean Beach Florida
Area: 2420
Parcel Number: 0242030030960
Zoning: RPS-3
Directions: Washington Avenue between 3rd and 4th street
General Property Information
Lot Size Dimensions: 13000
Lot Depth: 0
Lot Frontage: 0
LP/Assessed Value: 3.72
LP/SqFt: 1247.76
Property Sub Type: Unimproved Land
Lot Size Acres: 0.26
Lot Size Square Feet: 11140
Financial Information
Tax Assessed/SOH Value: 3736163
Assessor Market Value: 3736163
Tax Year: 2015
Tax Annual Amount: 74022
Tax Legal Description: 3 54 42OCEAN BEACH FLA SUB PB 2-38LOT 14 BLK 7LOT SIZE 50.000 X 130FAU 02 4203 320 0001FKA ST AUGUSTINE HOTEL CONDO
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Other
SP/Acre: 35197497.07
Major Change Timestamp: 2017-04-26T14:34:16Z
Major Change Type: Status Change
Price Change Timestamp: 2016-08-18T20:25:26Z
Status Change Date: 2017-05-02
Under Contract Date: 2016-10-25
Close Date: 2017-04-26
Close Price: 9000000
Comprehensive Plan Use
Urban Commerce: 1
Current Use
Commercial: 1
Hotel/Motel: 1
Unimproved: 1
Environmental Audit
None: 1
Location of Property
City Location: 1
Possession
Negotiable: 1
Special Information
City Jurisdiction: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Other: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Road Responsibility
Public Maintained Road: 1
Water Source
Public: 1
Income and Expenses
Inc/Exp Statement Period: 0
Showing Requirements
Call Listing Agent: 1
Contingencies
None: 1
Buyer Details
Intended Use: Unknown/Withheld
Concessions
Seller Concessions: No
Section Details
Parcel Number MLX: 0960
Originating Details
Originating System Key: 213982573
Originating System ID: M00000151
Property Features
Comprehensive Plan Use: Urban Commerce
Current Use: Commercial; Hotel/Motel; Unimproved
Environmental Audit: None
Location of Property: City Location
Possession: Negotiable
Special Information: City Jurisdiction
Utilities: Electricity Available; Sewer Available; Other
Listing Terms: Cash; Conventional
Lot Features: Other
Road Responsibility: Public Maintained Road
Water Source: Public
Showing Requirements: Call Listing Agent
Contingencies: None
Listing Office: One Sotheby's International Realty
Last Updated: June - 06 - 2026
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