No photos available
Offered at
$4,590,000
7320 Byron Avenue, Miami Beach, FL 33141
- 0
- Beds
- 0
- Full Baths
- 9,127
- Sq.Ft.
Listing courtesy of Luca Migliore, Gary Hennes Realtors
Property Description
Byron Avenue Suites represents an exceptional opportunity.The property features 16 fully furnished apartments, including 2 two-bedroom units, 9 one-bedroom units, and 5 studios. Each unit is equipped with a kitchenette (sink, refrigerator, microwave), allowing flexibility for both short-term and extended stays. This diverse unit mix caters to a wide range of travelers, including vacationers, families, and longer-stay guests, supporting consistent occupancy year-round. A key competitive advantage is the property’s grandfathered hotel license. Due to strict zoning and regulatory constraints in Miami Beach, new licenses are extremely limited, creating a strong barrier to entry and protecting long-term asset value. Byron Avenue Suites also benefits from an outstanding guest reputation:The property ranks as the #1 top-reviewed hotel in Miami Beach out of approximately 1,270 hotels. This strong track record supports repeat business, premium pricing, and consistent performance.There is clear upside potential through several strategic initiatives: implementing a direct booking platform to reduce platform fees and capture repeat guests. Additional enhancements, such as on-site laundry and outdoor amenities like a jacuzzi and lounge areas, offer opportunities to further increase revenue and guest satisfaction.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Hotel/Motel
- Address
- 7320 Byron Avenue, Miami Beach, FL 33141
- Zoning
- 3900
- MLS ID
- A12003848
- Listing Date
- 2026-04-19
- Last Updated
- 6/4/2026, 11:47:52 PM
- Days on Market
- 53
Features & Amenities
The Details
Details
- Building Area
- 9,127 sq.ft.
- Lot Size
- 7,500 sq.ft.
- Lot Size (Acres)
- 0.17 acres
- Year Built
- 1941
- County
- Miami-Dade
- Zoning
- 3900
Financial
- List Price
- $4,590,000
- Original List Price
- $4,900,000
- Annual Tax
- $40,845/yr
- Tax Year
- 2025
Location
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.