511 16th St ,Hotel Non-waterfront for Sale

511 16th St for Sale

Price $7,500,000.00

• Lot size 8000
• Year Build 2024
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

The Lincoln Road Villa & Townhouses are an astonishing, unique short-term rental asset on the same block as world-famous Lincoln Road Mall. It is also just a short stroll to the Beach, Ocean Drive, Flamingo Park, Espanola Way, the newly renovated Convention Center, as well as the best in fine dining, shopping, museums, and people watching- a favorite pastime due to the splendor, warmth, and diversity that is South Beach. The Villa and Townhouses are ADA compliant, appropriately licensed for daily rentals, and are fully operational. See attached Offering Memorandum for additional information.

The Lincoln Road Villa and Townhouses are an astonishing new offering in the heart of the South Beach City SF each. The entire property is characterized by high end finishes, curated artwork, and extraordinary attention to detail. Each room, view, and amenity has been carefully crafted to provide guests with the ultimate stay in South Beach The Villa can be rented per room as a classic B&B or as a private residence depending on market conditions & seasonal demand. The Townhouses are exquisitely renovated to provide guests with everything they need for the perfect stay- top of the line appliances, washer/dryers in each unit, private balconies, exquisite finishes, extensive glazing, and fine craftsmanship throughout.

LINCOLN SUB PB 9-69 LOT 1 BLK 52 A LOT SIZE 50.000 X 160 OR 15594-0290 0792 1 COC 22406-2525 06 2004 1

Central Business District

The Lincoln Road Villa & Townhouses are an astonishing, unique short-term rental asset on the same block as world-famous Lincoln Road Mall. It is also just a short stroll to the Beach, Ocean Drive, Flamingo Park, Espanola Way, the newly renovated Convention Center, as well as the best in fine dining, shopping, museums, and people watching- a favorite pastime due to the splendor, warmth, and diversity that is South Beach. The Villa and Townhouses are ADA compliant, appropriately licensed for daily rentals, and are fully operational. See attached Offering Memorandum for additional information.

City:Miami Beach,Zoning:3900,Cooling:1:Central Individual A/C,2:Reverse Cycle,Heating:1:Central Individual A/C,2:Reverse Cycle,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7892577,Cooling Y N:1,Heating Y N:1,List Price:7500000,Listing Id:A11670245,Longitude:-80.1333538,Mls Status:Active,Year Built:2024,Directions:GPS to 511-15 16th Street, Miami Beach, FL 33139,Inclusions:Building & Land,Business,Furniture,Postal Code:33139,Street Name:16th St,Coordinates:1:25.7892577,Photos Count:47,Building Name:Lincoln Rd. Villa & Townhouses,Days On Market:68,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2024-10-02,Parcel Number:02-32-34-002-0590,Parking Total:2,Property Type:Commercial Sale,Stories Total:2,Street Number:511,Public Remarks:The Lincoln Road Villa & Townhouses are an astonishing, unique short-term rental asset on the same block as world-famous Lincoln Road Mall. It is also just a short stroll to the Beach, Ocean Drive, Flamingo Park, Espanola Way, the newly renovated Convention Center, as well as the best in fine dining, shopping, museums, and people watching- a favorite pastime due to the splendor, warmth, and diversity that is South Beach. The Villa and Townhouses are ADA compliant, appropriately licensed for daily rentals, and are fully operational. See attached Offering Memorandum for additional information.,Structure Type:1:Hotel,County Or Parish:Miami-Dade County,List Office Name:The Keyes Company,Private Remarks:The Lincoln Road Villa and Townhouses are an astonishing new offering in the heart of the South Beach City SF each. The entire property is characterized by high end finishes, curated artwork, and extraordinary attention to detail. Each room, view, and amenity has been carefully crafted to provide guests with the ultimate stay in South Beach The Villa can be rented per room as a classic B&B or as a private residence depending on market conditions & seasonal demand. The Townhouses are exquisitely renovated to provide guests with everything they need for the perfect stay- top of the line appliances, washer/dryers in each unit, private balconies, exquisite finishes, extensive glazing, and fine craftsmanship throughout.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Increase,Postal Code Plus4:7707,Property Sub Type:Hotel/Motel,Special Licenses:1:County Licenses,2:Occupational Licenses,3:State Licenses,State Or Province:FL,Tax Annual Amount:23362,Unparsed Address:511 16th St, Miami Beach FL 33139,Building Features:1:Balconies,2:City Licenses,3:County Licenses,4:Entertainment,5:Exterior Lighting,6:Inside Corridors,7:Landscaped,8:Laundry Facilities,9:Occupational Licenses,10:Pool,11:Private Restrooms,Listing Agreement:Exclusive Agency,Operating Expense:190810,Security Features:1:Smoke Detector(s),2:Fire Sprinkler System,3:Security Fence,4:Security Gate,5:Security Lights,6:Security System,Building Area Total:7449,Building Area Units:Square Feet,Lot Size Square Feet:8000,M I A M I R E_ For Sale Y N:1,Number Of Buildings:2,Original List Price:8250000,Previous List Price:7250000,Public Survey Range:32,Documents Available:1:Deed,2:Drawings,3:Financial Statement,4:Photos,5:Site Plans,6:Existing Survey,I D X Participation Y N:1,Net Operating Income:584385,Syndication Remarks:The Lincoln Road Villa & Townhouses are an astonishing, unique short-term rental asset on the same block as world-famous Lincoln Road Mall. It is also just a short stroll to the Beach, Ocean Drive, Flamingo Park, Espanola Way, the newly renovated Convention Center, as well as the best in fine dining, shopping, museums, and people watching- a favorite pastime due to the splendor, warmth, and diversity that is South Beach. The Villa and Townhouses are ADA compliant, appropriately licensed for daily rentals, and are fully operational. See attached Offering Memorandum for additional information.,Listing Contract Date:2024-10-02,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:511,Tax Legal Description:LINCOLN SUB PB 9-69 LOT 1 BLK 52 A LOT SIZE 50.000 X 160 OR 15594-0290 0792 1 COC 22406-2525 06 2004 1,Gross Scheduled Income:775195,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:None,Contract Status Change Date:2024-10-02,Internet Address Display Y N:1,Number Of Units In Community:10,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,M I A M I R E_ Attribution Contact:305-467-4026,Internet Entire Listing Display Y N:1,