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Multifamily in Miami Beach, FL 33139Royal South Beach, 763 E Pennsylvania Ave
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OFF MARKET
$3,220,000
4,411
SqFtStatus
OFF MARKETExpired
Size
4,411 SqFt (410 m2)
Price
$730/SqFt ($7,858/m2)
Type
Multifamily
Built
1936
HOA
$836/MO
MLS Number
A11663865
On Site
722 Days
Updated
479 Days ago
Page Views
0
This offer is for an inventory of 32 studio-apartments from a total of 42 studio-apartments located in the Royal South Beach Condo-Hotel, on Washington Ave, 2-blocks walk to the Beach on Ocean Drive. Building legally approved for nightly- or long-term rentals, which can be self-managed or through existing hotel rental-program. HOA fee per unit is all-inclusive. Fully furnished, including kitchenettes, currently rented nightly or monthly. This sale is NOT for the entire building, however owning 32 units will bring you close to full-control of the entire property and HOA. Building passed 40-Yr Recertification. See MLS attachments and broker remarks for more information.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: Patio
Interior, Heating and Cooling
- Heating Description: None
- Cooling Description: CentralAir
Building and Construction
- Floor Description: CeramicTile, Marble, Other
- Year Built: 1936
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2024-09-23T09:51:33.000-00:00
Taxes, Fees & More
- Taxes: 3122
Apples-to-Apples Comparables
Price History
Current
$3.2M
High
$3.2M
Low
$2.7M
Total Change
13.8%Date
Event
Price
Change
Price Per
05/24/2025
Price Increased
$3.2M
19.26%$730 ft2
$7,858 m2
02/28/2025
Price Reduced
$2.7M
-3.57%$612 ft2
$6,589 m2
11/13/2024
Price Reduced
$2.8M
-1.06%$635 ft2
$6,833 m2
09/22/2024
Listed
$2.8M
$642 ft2
$6,906 m2
05/24/2025
$3.2M
Event
Price Increased
Change
19.26%Price Per
$730 ft2
$7,858 m2
02/28/2025
$2.7M
Event
Price Reduced
Change
-3.57%Price Per
$612 ft2
$6,589 m2
11/13/2024
$2.8M
Event
Price Reduced
Change
-1.06%Price Per
$635 ft2
$6,833 m2
09/22/2024
$2.8M
Event
Listed
Price Per
$642 ft2
$6,906 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Dennys Gonzalez • Best of Luxury Realty Corp. • Buyer Agency Compensation .
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Scores
96
100
50
100
81
100
Community Snapshot
Studio – 1 BR
Bedrooms
$170K – $195K
Price Tier
230 - 4,411
SqFt Range
1936
Year Build
3
Total Floors
Subdivision Amenities
Clubhouse
Elevators
Laundry
Library
Maintenance Grounds
None
Storage
Transportation Service
Trash
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