Multifamily in Miami Beach, FL 33139

747 Lenox Ave #2

Villa Venezia is a gated 7,500 Sq.Ft boutique hospitality compound in the heart of South Beach, featuring three condominium units across two, 2-story residences, totaling 11 bedrooms and 9.5 baths. The front residence operates with a rare Bed & Breakfast short-term rental license, while the two rear units offer flexible use for extended stays, long-term tenants, or owner-occupancy. With over 5,200 SF of interior space and private tropical gardens, the property combines the feel of a luxury villa estate with the revenue profile of a boutique hotel. Current operations show strong demand, diversified bookings, and consistent year-round occupancy. The asset also presents clear value-add potential through operational optimization, elevated design packages, brand repositioning, and the unique ability to exit through three individually deeded condo units. A rare opportunity to acquire a licensed, income-producing compound with privacy, scale, and multiple paths to upside — all within walking distance of Lincoln Road, Collins Ave, Ocean Dr and the beaches.