$1,890,000
Miami Beach, FL 33139
MLS# A12066561
3200 sqft
1 / 34
Property Description
Prime investment opportunity in South Beach. This income-producing five-unit boutique building sits on a corner lot at Meridian Avenue and 8th Street, one of the most picturesque and desirable residential locations in Miami Beach. The property offers strong upside potential and is zoned 4900 Multi-Family with a 1.25 FAR,potential for up to approx 5,250 square feet of buildable area. An excellent candidate for redevelopment, condo deconversion to multifamily, or value-add renovations to increase rental income. Great for a 1031 buyer and provides stable rental income, with historically high occupancy throughout ownership. The property includes five tandem, partially covered parking spaces accommodating up to 10 cars. A rare and versatile South Beach asset within walking distance of the beach, Flamingo Park, shops, restaurants, and the sought-after South of Fifth neighborhood.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-08-06
Status: Active
Original List Price: 1890000
List Price: $1,890,000
Current Price: $1,890,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Municipal Code: 2
Postal Code: 33139
Subdivision Number: 70
Flood Zone: AE
Country: United States
Street Number: 759
Street Name: Meridian
State Or Province: FL
Postal Code +4: 0000
Area: 2420
Parcel Number: 0242030700001
Zoning: 4900
Directions: From Alton Road, head east on 8th Street toward Meridian Avenue. The property is located on the corner of 8th Street and Meridian Avenue. Look for the boutique building with partially covered parking.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 5
Price Per Unit: 378000
Occupant Type: Call Listing Agent
Lot Size Area: 4200
Stories Total: 2
Property Sub Type: Multi Family
Building Area Main: 3200
Parking Total: 5
Lot Size Acres: 0.1
Office/Member Information
DXORIGMLSID: SEF
Flooring
Laminate: 1
Tile: 1
Parking Features
Guest: 1
Property Condition
Resale: 1
Documents Available
Aerial Photo(s): 1
Books & Records: 1
Bylaws & Documents: 1
Copy Of Lease(s): 1
Investment Analysis: 1
Rent Rolls: 1
Meter Information
Number Of Meters Total: 6
Tenant Pays
Gas: 1
Oil: 1
Location of Property
Corner Lot: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Natural Gas Connected: 1
Building Features
Storage: 1
Heating
Window/Wall: 1
Sale Includes
Building: 1
Fixtures: 1
Furniture: 1
Land: 1
Leases: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Tile: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Other: 1
Water Source
Public: 1
Source Of Expenses
Books: 1
Tax Return: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
Call Listing Agent: 1
Showing Service: 1
Price Calculations
Current Price To SqFt: 590.62
Section Details
Parcel Number MLX: 0001
Financial Information
Tax Legal Description: 759 BUILDING INC CONDO OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 LESS E56FT BLK 59
Status Change Information
Major Change Timestamp: 2026-08-06T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-08-07
Originating Details
Originating System Key: 541728789
Originating System ID: M00000151
Property Features
Building Features: Storage
Documents Available: Aerial Photo(s); Books & Records; Bylaws & Documents; Copy Of Lease(s); Investment Analysis; Rent Rolls
Flooring: Laminate; Tile
Heating: Window/Wall
Location of Property: Corner Lot
Parking Features: Guest
Possession: Negotiable
Property Condition: Resale
Sale Includes: Building; Fixtures; Furniture; Land; Leases
Source Of Expenses: Books; Tax Return
Tenant Pays: Gas; Oil
Construction Materials: CBS
Cooling: Wall/Window Unit(s)
Listing Terms: Cash; Conventional
Roof: Tile
Security Features: Fire Alarm; Smoke Detector(s); Other
Sewer: Public Sewer
Utilities: Natural Gas Connected
Water Source: Public
Showing Requirements: Call Listing Agent; Showing Service
Listing Office: Location3 International, LLC.
Last Updated: August - 07 - 2026
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