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220 31st Street, Miami Beach, FL 33140

$8,400,000

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https://www.propertypanorama.com/instaview/mia/A11083674

Property Type: Commercial Sale Square Footage: 6,000 Status: Closed

Current Price: $8,400,000 List Date: 8/11/2021 Last Modified: 5/18/2026

Description

Amazing Investment Opportunity in Miami Beach! Commercial property (small hotel) for sale. 2 lots are included with this sale: 8,000 sq ft + 4,000 sq ft. Folio# 02-3226-001-1220 and 02-3226-001-1250. Currently operating as a boutique hotel one block away from the ocean. 52 hotel units, 4 buildings in total. FAR is 2.0. RM-2 Zoning District. The land has potential for an investor to increase the number of hotel rooms or develop apartments/short-term rentals.

More Information MLS# A11083674

Contract Information

Comp Sale YN: No Listing Date: 2021-08-11 Status: Closed Original List Price: 12000000 Sold Price: $8,400,000 Current Price: $8,400,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Beach Postal Code: 33140 Subdivision Number: 1 Flood Zone: AE Country: United States Street Number: 220 Street Name: 31st Street Suffix: Street State Or Province: FL Postal Code +4: 4103 Area: 2320 Parcel Number: 0232260011220 Zoning: 4000 Directions: Between Collins Ave and Indian Creek on 31st Street.

General Property Information

Number Of Buildings: 4 Price Per Unit: 230769 Occupant Type: Tenant Year Built Details: YearBuiltDescription Resale Lot Size Area: 6000 Stories Total: 3 Property Sub Type: Hotel/Motel Building Area Main: 6000 Year Built: 1939 Lot Size Acres: 0.14

Office/Member Information

DXORIGMLSID: SEF

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2022-07-05T15:02:43Z Major Change Type: Status Change Price Change Timestamp: 2021-11-11T16:32:43Z Status Change Date: 2022-07-08 Under Contract Date: 2022-04-18 Close Date: 2022-07-05 Close Price: 8400000

Parking Features

On Street: 1

Property Condition

Resale: 1

Documents Available

Aerial Photo(s): 1 Site Plans: 1

Structure Type

Hotel/Motel: 1

Location of Property

Inside Lot: 1

Possession

Negotiable: 1

Sale Includes

Building: 1 Land: 1

Listing Terms

Cash: 1 Conventional: 1

Showing Requirements

Call Listing Agent: 1

Contingencies

Inspection: 1

Buyer Details

Intended Use: Investment

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: 1220

Financial Information

Tax Annual Amount: 38719 Tax Legal Description: 23-26-27- 34 53 42 M B IMPROVEMENT CO SUB PB 5-7 LOTS 14 & 17 BLK 14 OR 16239-3731 0194 2 (2)

Originating Details

Originating System Key: 361524868 Originating System ID: M00000151

Property Features

Documents Available: Aerial Photo(s); Site Plans Location of Property: Inside Lot Parking Features: On Street Possession: Negotiable Property Condition: Resale Sale Includes: Building; Land Listing Terms: Cash; Conventional Structure Type: Hotel/Motel Showing Requirements: Call Listing Agent Contingencies: Inspection

Listing Office: Sol/Mar Real Estate LLC

Last Updated: May - 18 - 2026

220 31st Street, Miami Beach, FL 33140- MLS# A11083674

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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