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524 Ocean Drive, Miami Beach, FL 33139

$25,000,000

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https://www.propertypanorama.com/instaview/mia/A12113598

Property Type: Commercial Sale Square Footage: 22,686 Status: Active

Current Price: $25,000,000 List Date: 5/20/2026 Last Modified: 10/29/2026

Description

OCEAN DRIVE ALL-SUITES HOTEL WITH ROOFTOP SWIMMING POOLModern 22-suite oceanfront hotel with a restaurant and bar in an iconic beachfront location, which attracts millions of visitors each year. Built in 1993, The Fritz Hotel offers 15 one and two-bedroom suites – all with kitchenettes and some with balconies, as well as 7 studios. The hotel boasts a rooftop swimming pool and sun deck overlooking Lummus Park and endless ocean views. The property is offered fee simple.

More Information MLS# A12113598

Contract Information

Comp Sale YN: No Listing Date: 2026-05-20 Status: Active Original List Price: 25000000 List Price: $25,000,000 Current Price: $25,000,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Beach Municipal Code: 2 Postal Code: 33139 Subdivision Number: 2 Flood Zone: AE Country: United States Street Number: 524 Street Name: Ocean Street Suffix: Drive State Or Province: FL Postal Code +4: 6616 Area: 2420 Parcel Number: 0242030020050 Zoning: 6503

General Property Information

Number Of Buildings: 1 Number Of Units Total: 1 Price Per Unit: 1136363 Occupant Type: Call Listing Agent Lot Size Area: 6018 Stories Total: 5 Property Sub Type: Hotel/Motel Building Area Main: 22686 Year Built: 1993 Lot Size Acres: 0.14

Office/Member Information

DXORIGMLSID: SEF

Flooring

Marble: 1 Slate: 1 Other: 1

Parking Features

On Street: 1 Valet: 1

Structure Type

Hotel/Motel: 1

Location of Property

Beach Access: 1

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Building Features

Balconies: 1 Elevator(s): 1 Lobby: 1 Lounge: 1 Pool: 1 Restaurant: 1

Heating

Electric: 1

Sale Includes

Furniture: 1

Construction Materials

Block: 1

Listing Terms

Cash: 1 Conventional: 1

Roof

Concrete: 1

Security Features

Fire Sprinkler System: 1

Water Source

Public: 1

Description of Unit Type 1

Unit Type: Hotel Room(s) Units Total: 22

Cooling

Central Building: 1

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1

Price Calculations

Current Price To SqFt: 1102

Section Details

Parcel Number MLX: 0050

Financial Information

Tax Annual Amount: 120421 Tax Year: 2025 Tax Legal Description: FRIEDMAN & COPES SUB PB 4-83 BEG 1.38FTNE OF NE COR LOT 3 W 133.5FT SW50FT E133.49FT NE50 FT TO POB LESS ELY15FT BLK 2 LOT SIZE 51.000 X 118

Status Change Information

Major Change Timestamp: 2026-05-20T04:00:00Z Major Change Type: New Listing Status Change Date: 2026-10-29

Originating Details

Originating System Key: 568706557 Originating System ID: M00000151

Property Features

Building Features: Balconies; Elevator(s); Lobby; Lounge; Pool; Restaurant Flooring: Marble; Slate; Other Heating: Electric Location of Property: Beach Access Parking Features: On Street; Valet Possession: Negotiable Sale Includes: Furniture Construction Materials: Block Cooling: Central Building Listing Terms: Cash; Conventional Roof: Concrete Security Features: Fire Sprinkler System Sewer: Public Sewer Structure Type: Hotel/Motel Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Listing Office: One Sotheby's International Realty

Last Updated: October - 29 - 2026

524 Ocean Drive, Miami Beach, FL 33139- MLS# A12113598

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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