Interior
- Bathrooms
- 0
Active · HotelMotel
$49,900,000
7300 Ocean Ter, Miami Beach, FL 33141
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1940
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
Ocean Front Condo Hotel with sidewalk cafe in Miami Beach's hottest spot! Fronting sandy beaches and clear unobstructed views of the ocean and North Beach Park. Just across from "Bandshell", Community Center, volleyball and tennis courts, this property is at the heart of Miami Beach's vibrant scene. Art Deco building with 39 condominium units in excellent condition plus retail Mediterranean restaurant Ronni's By The Ocean. The restaurant is 1,384 sf, has been beautifully renovated & is in excellent condition. Ocean Terrace Park area is undergoing major city project upgrades & improvements. Unique & rare opportunity that won't last long. Don't miss out on owning a prime piece of Miami Beach real estate, steps from the beach & Atlantic Ocean in a thriving community hub.Oceanfront restaurant with liquor license included in the sale
Property location
Get Directions7300 Ocean Ter, Miami Beach, FL 33141
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Facts & features
Exterior & Structure
- Property type
- HotelMotel
- Year built
- 1940
- Lot size
- 0 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11587271
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$97,663
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $236,551/mo
- Down payment
- $12,475,000
- Loan amount
- $37,425,000
- Annual NOI
- $1,666,660
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.