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1018 Jefferson Ave, Miami Beach FL 33139

Commercial Active With Contract
$2,550,000

BTC: 43.07432432

ETH: 1,599.05686999

-$350K (2026/02/13)
148 days
0 room(s)

Overview

The subject property, zoned RM-1, presents a rare value-add opportunity nestled in the heart of South Beach's iconic Art Deco District — one of Miami Beach's most sought-after and high-demand hospitality corridors. The property consists of one private villa and four poolside suites, offering an intimate resort-style configuration ideally suited for short-term rentals, boutique hospitality, or exclusive event hosting. The private villa features 3 spacious bedrooms and 3 bathrooms, accommodating up to 10 guests, while the four poolside suites — each a well-appointed 1 bedroom/1 bathroom unit — can collectively accommodate up to 24 additional guests. Formerly operated as a successful short-term rental via Airbnb, the property's layout and location offer significant income-generating potential for an owner-operator or investor looking to capitalize on South Beach's thriving tourism market. A new owner will need to reapply for a short-term rental license. Offered as-is, this bank-owned asset with deferred maintenance represents an exceptional opportunity to acquire and reposition a unique hospitality property at a compelling basis in one of the most iconic zip codes in the country. Investors with vision and the ability to execute a value-add strategy will find strong upside in both short-term rental income and long-term asset appreciation.

Location

Florida • Miami Beach • 33139 • Commercial • Active With Contract

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1930
Lot:
7000 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$3,097,500
$2.9M – $4.9M
Confidence Low
List vs. estimate
$547K below estimate
List $2,550,000 · -17.7%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $393K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$63,784
All facts and features

  • Lot

    • Lot: 7000 Square Feet

    Other Property Information

    • Parcel Number: 02-42-03-009-6880

    • Zoning: 3900

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Hotel/Motel

  • Other financial information

    • Annual tax amount: $63,784

  • Source details

    • MLS ID: A11917129

    Other facts

    • Construction Materials: Concrete Block Construction

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33139
436
median $559K
Active
Same city
Miami Beach
1,059
median $665K
Active
Same type
Commercial
54
median $2.8M
Active
Similar price
$1.8M – $3.3M
110
median $2.4M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Dwntwn Realty Advisors LLC