Ocean Beach, 1150 8th St Miami Beach, FL 33139

2,940,000(-1.36% )
$2,900,000Price
5,426SqFt

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Size: 5,426 ft2 / 504 m2
Price: $534 ft2 / $5,753 m2
Built: 1948
MLS Number: A11652726
On Site: 216 Days
Updated: 3 Days ago
Page Views: 0
Steps away from 500 alton project, 3 acre park coming to alton road 4 unit multi-family on alton & 8th street, on the same block as the new baptist health center in miami beach. Aaa location - ideal for owner users, developer or investors. Flexible cd-2 zoning allows for medical offices / Retails / Hotels / Short term rentals, and other commercial uses. High traffic count intersection & close to major retailers. Far 2.0 = develop 15,000 sqft 5 story building. Total monthly income: $15,700, move in 5.3% cap rate with potential upside on the rents! tenants pay all expense. The only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! all units come furnished with inventory list, they are all the exact same on the interior!

Features

Bedrooms
Bathrooms
Exterior and Lot Features

Price History

04/04/2025

Date

Price Reduced

Event

$2.9M

Price

-1.36%

Change Rate

$534 ft2 / $5,753 m2

Price Per

03/31/2025

Date

Price Reduced

Event

$2.9M

Price

-1.34%

Change Rate

$542 ft2 / $5,832 m2

Price Per

03/19/2025

Date

Price Reduced

Event

$3M

Price

-0.67%

Change Rate

$549 ft2 / $5,912 m2

Price Per

03/11/2025

Date

Price Reduced

Event

$3M

Price

-4.76%

Change Rate

$553 ft2 / $5,951 m2

Price Per

03/03/2025

Date

Price Reduced

Event

$3.2M

Price

-3.08%

Change Rate

$581 ft2 / $6,249 m2

Price Per

02/13/2025

Date

Price Reduced

Event

$3.3M

Price

-1.52%

Change Rate

$599 ft2 / $6,447 m2

Price Per

01/20/2025

Date

Price Reduced

Event

$3.3M

Price

-2.94%

Change Rate

$608 ft2 / $6,546 m2

Price Per

12/08/2024

Date

Price Reduced

Event

$3.4M

Price

-1.45%

Change Rate

$627 ft2 / $6,745 m2

Price Per

10/03/2024

Date

Price Reduced

Event

$3.5M

Price

-1.43%

Change Rate

$636 ft2 / $6,844 m2

Price Per

09/03/2024

Date

Listed

Event

$3.5M

Price

$645 ft2 / $6,943 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Yahia AlyAlexandria Realty Group LLC • Buyer Agency Compensation .

Instant Comparative Market Analysis

$200/ft²
$400/ft²
$800/ft²
$1,200/ft²

Unit 1150 8th St – Asking

$534/ft²

(+12%) from Closed Avg. $/ft²

Closed Avg. $/ft²

$477/ft²
Community $/Price Range (Closed) $314/ft² – $1050/ft²
UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
# 166/105,426$477$2,590,0008/29/2023
Unit: # 16
Bed/Bath: 6/10Size SqFt: 5,426$/SqFt: $477Sold: $2,590,000Closed Date: 8/29/2023
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