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Listed price in listed location currency (USD).
$4,900,000

000

MLS® A12003848

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $40,845
Days Active 0
Lot Size 
Approx. Age 1941
MLS® Number A12003848

Property Address: 7320 Byron Ave, Miami Beach, FL, 33141-2613

Average square foot calculated using Size range provided by listing agent.

Description

Byron Avenue Suites represents an exceptional opportunity.The property features 16 fully furnished apartments, including 2 two-bedroom units, 9 one-bedroom units, and 5 studios. Each unit is equipped with a kitchenette (sink, refrigerator, microwave), allowing flexibility for both short-term and extended stays. This diverse unit mix caters to a wide range of travelers, including vacationers, families, and longer-stay guests, supporting consistent occupancy year-round. A key competitive advantage is the property’s grandfathered hotel license. Due to strict zoning and regulatory constraints in Miami Beach, new licenses are extremely limited, creating a strong barrier to entry and protecting long-term asset value. Byron Avenue Suites also benefits from an outstanding guest reputation:The property ranks as the #1 top-reviewed hotel in Miami Beach out of approximately 1, 270 hotels, with an outstanding 9.8 score on Booking.com, a 5.0 rating on Google and approximately 4.92 on Airbnb across more than 4, 000 reviews. This strong track record supports repeat business, premium pricing, and consistent performance. There is clear upside potential through several strategic initiatives: implementing a direct booking platform Tto reduce platform fees and capture repeat guests. Additional enhancements, such as on-site laundry and outdoor amenities like a jacuzzi and lounge areas, offer opportunities to further increase revenue and guest satisfaction.
MLS® NumberA12003848
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1941
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 20, 2026List Date
$4,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
7320 Byron Ave, Miami Beach, FL

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