$989,000
- Studio
- 1 Baths
- 521 SqFt
- $1,898/SqFt
No restrictions - income producing, turn-key ocean-view condo in the sorrento tower at the fontainebleau hotel. Features a king bed, sofa-bed, living area & private balcony, with full access to 5-star amenities including pools, spa, gym, restaurants & nightlife.Currently operating as a short-term rental on airbnb, the unit has generated approx. $110k/year in gross income for the past 3 years with an average 90% occupancy. Managed by a private management company, with the option for the new owner to continue management or enroll in the fontainebleau rental program.All sorrento guests receive complimentary valet, resort fee & 2 spa passes per stay, plus full access to all amenities. Utilities are included in the hoa. Seller is selling to upgrade to a larger unit in the same building.