Basic Information

  • MLS # A12044308
  • Type Condominiums
  • Subdivision/Complex Royal South Beach Condo
  • Year Built 1936
  • Total Sqft 270
  • Date Listed 06/27/2026
Description

Offering this 270 sq. ft. Condo-Studio with no Rental Restrictions. A perfect vacation home, or income-producing property with approved nightly-rentals that can be self-managed. Optional Hotel Rental Program is available. HOA fee is $836 monthly, inclusive of all utilities, insurances and 24/7 front desk concierge services. Property is in the Royal South Beach Condo-Hotel. Main entrance at Pennsylvania Ave & 8th Street (west), facing Washington Ave (east side). Property built in 1936 with 42 residential units (4 1bed/1bath & 38 studios), and 4 ground-level commercial/retail spaces operating as a restaurant-bar and convenience store. Elevator to access 2nd and 3rd floors (residential units), and a private sundeck on second floor. This is a spectacular location, at the heart of South Beach's entertainment and hotel district within a short walk to publicly accessed beaches along renowned Ocean Drive. This offering is for Unit # 103, on the second floor, priced at $200,000. However, I am offering an additional 17 units as an 18-unit package deal for $3.6M. Additionally, I am offering the 4 commercial spaces on ground-level at an additional $2.8M. There is flexibility to purchase this single unit, a batch of several units, or the entire package comprised of 18 condo units and the 4 commercial spaces (all fully rented). The building passed its 40-Yr Recertification. The 50-Yr Recertification process is pending with the engineering report and cost estimate already in place.

Amenities

  • Elevators
  • Laundry
  • Other
  • Trash

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description None
  • Exterior Features Deck

Interior Features

  • Adjusted Sqft 270Sq.Ft
  • Interior Features Handicap Access, Elevator
  • Sqft 270Sq.Ft

Property Features

  • Aprox. Lot Size 270
  • Furnished Info No
  • Short Sale Regular Sale
  • HOA Fees $836
  • Subdivision Complex Royal South Beach Condo
  • Subdivision Info Royal South Beach Condo
  • Tax Amount $2,500
  • Tax Year 2025

763 Pennsylvania Ave #103

Miami Beach, FL 33139

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