7320 Byron Ave , for Sale & Rent

7320 Byron Ave for Sale & Rent

Price $4,900,000.00

• Lot size 9127
• Year Build 1941
• Waterfront
• Zip 33141
• Style
• Parking Description
• Pool Yes
• Status Active

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. 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 to 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.

HARDING TOWNSITE PB 34-4 LOT 5 BLK 7 LOT SIZE 50.000 X 150 OR 20394-4054 0502 1 COC 23571-4766 07 2005 1

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. 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 to 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.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Tax Year:2025,Latitude:25.8587719,List Price:4900000,Listing Id:A12003848,Longitude:-80.1237643,Mls Status:Active,Year Built:1941,Postal Code:33141,Street Name:Byron Ave,Coordinates:1:25.8587719,Photos Count:34,Days On Market:17,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2026-04-19,Parcel Number:02-32-02-003-0810,Property Type:Commercial Sale,Street Number:7320,Public Remarks: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. 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 to 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.,Structure Type:1:Hotel,County Or Parish:Miami-Dade County,Expiration Date:2026-11-30,List Office Name:Gary Hennes Realtors,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2613,Property Sub Type:Hotel/Motel,State Or Province:FL,Tax Annual Amount:40845,Unparsed Address:7320 Byron Ave, Miami Beach FL 33141,Listing Agreement:Exclusive Right To Sell,Building Area Total:9127,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:7500,M I A M I R E_ Flood Zone:AE,Original List Price:4900000,Public Survey Range:32,Documents Available:1:Drawings,2:Photos,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:390000,Syndication Remarks: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. 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 to 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.,Listing Contract Date:2026-04-19,Originating System I D:miamire,Street Number Numeric:7320,Tax Legal Description:HARDING TOWNSITE PB 34-4 LOT 5 BLK 7 LOT SIZE 50.000 X 150 OR 20394-4054 0502 1 COC 23571-4766 07 2005 1,Gross Scheduled Income:700000,M I A M I R E_ Current Price:4900000,M I A M I R E_ Owner Agent Y N:1,Public Survey Township:32,M I A M I R E_ Total Mortgage:2240000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:16 unit, hotel type, North Beach, Historic luxury,M I A M I R E_ Parcel Number M L X:0810,M I A M I R E_ Street View Param:1$25.858777$-80.123717$271.12$13.33$1.00$2PFnNww5kLmrQSWzlBKfoQ,M I A M I R E_ Supplement Count:3,Contract Status Change Date:2026-04-19,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:3,M I A M I R E_ Agent Alternate Phone:646-626-3383,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:7320 Byron Ave,Internet Automated Valuation Display Y N:1,