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$7,590,000
36 Days On Site

763 E Pennsylvania Ave
Miami Beach, FL 33139

For Sale|Business|Active
0
Beds
0
Total Baths
10,083
SqFt
$753
/SqFt
1936
Built
County:
Miami-Dade

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763 E Pennsylvania Ave763 E Pennsylvania Ave763 E Pennsylvania Ave
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Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 square feet), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 square feet). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.

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Listing Snapshot
Price 
$7,590,000
Days On Site 
36 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,083 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1936
MLS® Number 
A11811796
Status 
Active
Property Tax 
$80,940
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoPrice changed to $7,590,000
2 weeks agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Home Warranty 
Yes
Parking 
On Street
Property Sub Type 
Business
Security 
Other
Sewer 
Public Sewer
SqFt Total 
10083
Water Source 
Public
Zoning 
6400
Interior Features
Cooling 
Wall/Window Unit(s)
Heating 
Wall Furnace
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Exterior Features
Road Frontage 
City Street
Roof 
Other
Community Features
Financing Terms Available 
Cash
MLS Area 
42
Listing courtesy of Best of Luxury Realty Corp.

The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2025, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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