Quadruplex
7830 Abbott Ave
7830 Abbott Ave, Miami Beach FL 33141 Get directions
$7,499,999
19,155 SqFt
See estimated monthly costThis listing is courtesy of Stay Plus LLC. Santiago Rodriguez
Overview
A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1.1M+ in gross annual revenue with a 6.4% cap rate and $483,615 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for North Beach at this price point. Four exit strategies: redevelop, rebrand, hold, or resell, with no capital restructuring required. Miami Beach's stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesn't offer twice. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.
Facts & features
Interior
- Living area (sq ft)
- 19,155
- Stairs
Building & exterior
- Year built
- 1963
Taxes
- Annual tax
- $809,106
- Tax year
- 2025
- Parcel number
- 02-32-02-007-1180
Listing
- MLS number
- A12019182
- Property type
- Quadruplex
- Price per SqFt
- $392
- Subdivision
- ALTOS DEL MAR NO 3
- On market since
- May 15, 2026
- Days on market
- 133
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| May 15, 2026 | Listed | $8,499,000 | — |
| Sep 25, 2026 | Price change | $7,499,999 | −$499,901 (−6.3%) |
Milestones recorded on this listing. Not a complete MLS price history.
Estimated monthly cost
$110,975 per month
- Principal & interest (30 yr)
- $37,924
- Property tax
- $67,426
- Insurance (estimated)
- $5,625
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- Kinderland 4 Kids I
- Yeshiva Elementary School
- Lehrman Community Day School
- Biscayne Beach Elementary
- Happy Kids Private School
- Mater Beach Academy
- Mater Academy Miami Beach
- Gan Katan
- St. Joseph''s Catholic School
- Kid''s Choice Learning Center - Miami Beach
- Le Petit Papillon Montessori School
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