7830 Abbott Ave # 25, Miami Beach FL 33141, Miami Beach
$8,499,000
Miami Beach, FL, 33141
Property details
- Year built
- 1963
- Type
- Income/MultiFamily
- Days on market
- 19
- MLS #
- A12022628
Listing courtesy of Stay Plus LLC · 786-250-1810. Listing agent: Santiago Rodriguez. MLS data last updated 2026-05-21.
Description
A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1M+ in gross annual revenue with a 5.13% cap rate and $436,287 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for North Beach at this price point. The numbers speak clearly: 50% LTV financing, $113,970 annual cash flow after debt service, a projected 10.79% levered IRR, 2.57x equity multiple, and $7M+ in profit over a 10-year hold. Four exit strategies — redevelop, rebrand, hold, or resell — with no capital restructuring required. Miami Beach's stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesn't offer twice.
7830 Abbott Ave # 25, Miami Beach FL 33141, Miami Beach — for sale, listed for $8,499,000.
Market trend (our weekly archive)
Our weekly snapshot archive tracks the median for listings for sale in 33141: $413/sqft in 2026-W30 to $413/sqft in 2026-W31.
This history is computed from our own recorded market snapshots, not backfilled estimates.
n=97 · 2026-07-30 · Methodology
About ALTOS DEL MAR NO 3
ALTOS DEL MAR NO 3: built 1963; current sale asking prices $8,499,000–$8,499,000; current rents $2,490–$2,490.
Price-reduction climate
31% of 95 active listings for sale in 33141 are listed below their original asking price.
n=95 · 2026-07-30 · Methodology
Run the numbers
Availability in ALTOS DEL MAR NO 3
3 listings are currently active in this building across 2 distinct units (1 × 1-bed, 2 × na-bed).
n=3 · 2026-07-30 · Methodology
ZIP vs city price level
Active listings like this in ZIP 33141 show a median asking $426/sqft — 8.1% below the Miami Beach median asking of $463/sqft.
n=28 · 2026-07-30 · Methodology
Browse this price segment
n=243 · 2026-07-30 · Methodology
What just came on the market here?
Our walk of the feed recorded 3 new listings for sale in 33141 debuting over the last 2 observed weeks with entry asking prices $1,600,000–$2,250,000.
n=3 · 2026-07-30 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-30 · Methodology
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