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235 18th St, Miami Beach FL 33139

For Sale
$3,950,000

BTC: 61.71875000

ETH: 2,262.31386025

14 days
0 room(s)
4,779 sqft

Overview

Boutique 18 Miami Beach – Fully renovated 12-unit licensed hospitality property located steps from the beach and the east end of Lincoln Road in the heart of Miami Beach’s rapidly evolving Collins Park district. Renovated in 2015 and currently operated as a boutique hotel under a master lease structure generating stable in-place income. Positioned near luxury hotels, the Convention Center, Collins Avenue, Ocean Drive, and major lifestyle destinations driving year-round tourism demand. The surrounding area is undergoing over $4 billion in luxury residential, hospitality, retail, and infrastructure investment, further strengthening long-term value and hospitality demand. Existing hotel licensing in place with operational upside through direct hospitality management and revenue optimization. Offering Memorandum available upon request.

Location

Florida • Miami Beach • 33139 • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1937
Lot:
No Data
Heating:
Other
Price/sqft:
$827
Cooling:
Central Air / Other
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$5,200,000
$3.1M – $14.7M
Confidence Low
List vs. estimate
$1.2M below estimate
List $3,950,000 · -24.0%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$826
+31.6% vs. city median $628
Based on
9 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $605K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$37,604
2025
All facts and features

  • Flooring

    • Other

    Heating

    • Other

    Cooling

    • Central Air

    • Other

  • Other Property Information

    • Parcel Number: 02-32-34-019-0120

    • Zoning: 4000

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $37,604

  • Source details

    • MLS ID: A12022142

    Other facts

    • Construction Materials: Other

    • Lot Features: Less Than 1/4 Acre Lot

    • Window Features: Other Windows

    • Architectural Style: Other

    • Living Area: 4779

    • Water Source: Municipal Water

    • Subdivision Name: ALTON BEACH 1ST SUB

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
1,079
median $588K
Active
Same city
Miami Beach
2,606
median $650K
Active
Similar price
$2.8M – $5.1M
222
median $3.8M
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: Majestic Properties LLC