$7,900,000list price
Price cut$575,000
3 bd · 3.5 ba · 2,233 sq ft Condo or villa
8701 COLLINS AVE #701, MIAMI BEACH, FL 33154
Listing courtesy of Coldwell Banker Realty. MLS# A12058123.On the MLS · Listed Aug 4
$7,499,999
7830 ABBOTT AVE, MIAMI BEACH, FL 33141
0 baths19,155 sq ft2 to 4 unitsBuilt 1963
Updated today, November 3, 2026This home against North Beach
$392 per sq ft, 8% under the North Beach median
174 days on the market
Price cut $999,001 since it was listed at $8,499,000
$809,106 in property taxes (2025)
Private pool
North Beach today: 51 homes for sale, median list price $330,000.
About this home
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. 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.
Zoned schools
Elementary: Biscayne Beach Elementary School
Middle: Miami Beach Nautilus Middle School
High: Miami Beach Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Large Dog Park, 0.1 mi
Grocery: M&L Food Market, 0.2 mi
Distances from the center of North Beach, MIAMI BEACH.
Listing courtesy of Stay Plus LLC. MLS# A12019182.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed May 13, 2026.
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7610 DICKENS AVE, MIAMI BEACH, FL 33141
Listing courtesy of Real Estate Sales Force. MLS# A12092788.On the MLS · Listed Sep 19