Boutique South Beach Hotel Sells by Luca Migliore
October 7, 2024927 Jefferson Ave Miami Beach, FL 33139
JUST SOLD | COMMERCIAL | BUILT IN 1925
” There are 960 historic buildings in South Beach and each one an opportunity to make history” – Luca Migliore
Rarely Available Bungalow-Style Hotel Sold by Luca Migliore!
Luca Migliore, head of Commercial Division and broker Gary Hennes are thrilled to announce the successful closing of a unique bungalow-style hotel, originally built in 1924. This remarkable property spans 7,000 square feet and features five short-term rental suites arranged around a charming central courtyard.
Originally a single-family home, the property transitioned into a “rooming house” in the 1940s, making it a rare find in an area where daily rentals are highly restricted. The hotel consists of two four-bedroom suites, two one-bedroom suites, and one studio, each with a private entrance. Ample on-site parking is also available for guests.
The property has been acquired by a distinguished hospitality group, which plans to improve and reposition it as a lifestyle boutique hotel. This transformation promises to enhance the property’s appeal and provide a unique experience for guests.
Price/door: $390,000 MIX: two 4/br, two 1/br/ one studio
3,398sqft Lot 3,398 square foot lot
$2,000,000
Luca Migliore
Head of Commercial Division
Gary Hennes Realty
646.626.3383 | luca@skypropertiesmiami.com
www.garyhennesrealtors.com | www.theinstantstay.com
1335 Lincoln Rd, Miami Beach, FL 33139
