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Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program"”owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.
| DAYS ON MARKET | 52 | LAST UPDATED | 6/18/2025 |
|---|---|---|---|
| TRACT | THE STRAND ON OCEAN DRIVE | YEAR BUILT | 1964 |
| COMMUNITY | 42 | COUNTY | Miami-Dade |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Cable Tv, Electricity, Internet, Pest Control, Security, Sewer, Trash, Water |
| APPLIANCES | Dishwasher, Electric Range, Microwave, Refrigerator |
| AREA | 42 |
| CONSTRUCTION | Other |
| EXTERIOR | Balcony |
| HEAT | Other |
| HOA DUES | 1730 |
| INTERIOR | Bar, Other |
| LOT | 0 |
| PARKING | None |
| POOL DESCRIPTION | Association |
| STORIES | 4 |
| STYLE | Other |
| SUBDIVISION | THE STRAND ON OCEAN DRIVE |
| TAXES | 5381 |
| VIEW | Yes |
| VIEW DESCRIPTION | Other |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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Listed with Vera Realty LLC
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