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New
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$8,499,000

For Sale

3 hours ago

7830 Abbott Ave, Miami Beach, FL

House

MLS® A12019182

0 Bed

0 Bath

19155 sqft

11 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 19155 sqft
Garage 
Taxes $809,106
Days Active 0
Lot Size 
Approx. Age 1963
Avg. Price Per Sqft $443
MLS® Number A12019182

Property Address: 7830 Abbott Ave, Miami Beach, FL, 33141-2092

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

Description

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 optionality. This is the kind of asset North Beach simply doesn't offer twice.
MLS® NumberA12019182
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1963
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 18, 2026List Date
$8,499,000List Price
  • Commute

Commute

Starting Address
Destination Address
7830 Abbott Ave, Miami Beach, FL

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