Active Under Contract

1018 Jefferson Ave

Miami Beach, FL 33139

$2,550,000 $10,750/Mo

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Overview

Bed

Bath

4,689

Sqft

7,000

Sqft(Lot)

Description

Located in the heart of South Beach’s Art Deco District, this RM-1–zoned former boutique hotel offers rare flexibility. The property features a spacious 3-bed/3-bath private villa plus four 1-bed/1-bath poolside suites. The main villa can be reconverted into a single-family home, while the poolside suites offer potential for cabanas, guest rooms, or in-law quarters. Previously operated as an Airbnb (license inactive), the property remains a strong candidate for future short-term rentals with a buyer reapplying, license not guaranteed. Ideal as a private compound, multi-generational residence, or versatile investment. This is a bank owned property. Buyer must conduct their own due diligence.This is a vacant former hotel offered as-is by a lender following foreclosure. The property has been vacant for an unknown period. The existing hotel license is no longer valid — any new owner must independently apply for all required licenses and permits with no guarantee of approval. The lender has no historical knowledge of the property's prior operations, financials, or condition. Brokers and their agents make no representations or warranties of any kind regarding the property. No information provided should be relied upon without independent verification. All buyers must perform their own due diligence on all aspects of the property. Brokers are not liable for any inaccuracies or omissions.

Property Details

Property Type : Residential

Price : $2,550,000

AD Id : 68983224

MLS Id : A11917345

Beds : 12

Lot Size : 7,000 Sqft

Living Area Size : 4,689

Year Built : 1930

County : Miami-Dade

Subdivision: Ocean Beach Addn No 3

Map

Features

Bedroom Information

Total beds: 12

Bathroom Information

Total Baths: 11 Full Baths: 11

Roofing Information

Barrel

Flooring Information

Hardwood, Wood
Interior Features

FirstFloorEntry, UpperLevelPrimary

Roof: Barrel

Appliances: Dryer, Microwave
Heating & Cooling

Has Heating: Yes Heating: Central Cooling: Other

Building Information

Year Built: 1930

Building Area Total: 4689

Construction Materials: Block

Stories: 2

Pool Features: InGround, Pool

Private Pool: No

View: None
Exterior Features

Exterior Features: None

Lot Information

Main Square Feet: 7000 Lot Size Square Feet: 7,000 Lot Description: LessThanQuarterAcre

Property Information

Subdivision: OCEAN BEACH ADDN NO 3 Source Property Type: Residential Postal Code Plus 4: 4810 Zoning Description: 3900 Property SubType: Single Family Residence Direction Faces: East Levels: Two Property Age: 96

Listing Price Information

Listing Price: $2550000

Original Price: $2900000

Cash, Conventional

Tax Information

Parcel Number: 02-42-03-009-6880 Tax Year: 2024 Annual Tax: $63784 Tax Legal Desc: OCEAN BEACH ADD NO 3 PB 2-81 LOT 6 BLK 89 LOT SIZE 50.000 X 140 OR 23507-0233 06 2005 1

Virtual Tour

Virtual Tour (External Link)

Parking Information

Driveway

School Information

Elementary School: Junior High School: Nautilus Senior High School: Miami Beach
Location Information

WaterSource: Public

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253 N Coconut Ln, Miami Beach, FL, 33139	$11,495,000	4	4	2,263	2,263 SqFt
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/07/2026 @ 14:54

MLS: A11917345 LISTED BY: Rayza Perez, Dwntwn Realty Advisors LLC 305-909-7343 SOURCE: SEFMIAMI