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711 Lenox Ave, Miami Beach FL 33139

Multi-family For Sale
$2,850,000

BTC: 47.50000000

ETH: 1,787.18120763

21 days
0 room(s)
2,558 sqft

Overview

711 Lenox Avenue, operating as Bars Hotel, is a fully-licensed, turnkey 8-room boutique Bed & Breakfast in the heart of Miami Beach's Art Deco Historic District. Built in 1934 and comprehensively renovated in 2013, the Spanish Colonial Revival property has earned a 14-year track record of guest acclaim, including the #1 Bed & Breakfast in Miami Beach on TripAdvisor. The asset sits on a 7,500 SF lot inside one of the world's most photographed neighborhoods, an 11-minute walk to the Atlantic, and within blocks of Lincoln Road, Ocean Drive, Flamingo Park, and the Miami Beach Convention Center. A rare combination of historic significance, an active hotel license, and immediate income — supported by a Miami Beach hospitality submarket forecast to deliver 8.6% RevPAR growth in 2026.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1934
Lot:
No Data
Heating:
Central
Price/sqft:
$1,114
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$620,000
$429K – $1.2M
Confidence Low
List vs. estimate
$2.2M above estimate
List $2,850,000 · +359.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,114
+145.7% vs. city median $453
Based on
11 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $436K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$24,953
2025
Parking
4 spaces
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

  • Property

    • Exterior Features: Barbeque

    Other Property Information

    • Parcel Number: 02-42-03-009-7570

    • Zoning: 3900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $24,953

  • Source details

    • MLS ID: A12030556

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Deck

    • Window Features: Clear Impact Glass / Blinds

    • Living Area: 2558

    • Water Source: Municipal Water

    • Subdivision Name: OCEAN BEACH ADDN NO 3

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.
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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: Douglas Elliman