$11,000,000
$800K PRICE DROP

Estimated payment $63,237/month

Total Views 1,125
0.14 Acres
$78,571,429 Price per Acre
6,150 Sq Ft Lot

Highlights

  • Beach Access
  • No HOA
  • 3-minute walk to North Shore Park & Youth Center

About This Lot

Prime development opportunity in the heart of North Beach, Miami Beach. This 6,250 SF lot offers exceptional potential for a boutique hotel or mixed-use hospitality project in one of the city’s fastest-growing areas. Currently operating with 11 licensed hotel rooms, the property presents immediate income with significant upside through redevelopment. Proposed plans envision a 6-story, approximately 21,800 SF project with up to 48 hotel keys, rooftop amenities, and ground-floor retail or hospitality space. Ideally located just two blocks from the beach, within walking distance to Collins Avenue, dining, and entertainment. Rare opportunity to develop a design-forward hospitality asset in a high-demand tourism market with strong long-term growth.

Listing Agent

Marilina Apfelbaum

Beachfront Realty Inc License #0662372 Listed on: 04/13/2026

Beachfront Realty Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $43,090

Lot Details

  • 6,150 Sq Ft Lot
  • Lot Dimensions are 50x123
  • Property is zoned 3900

Listing and Financial Details

  • Assessor Parcel Number 02-32-11-001-0290

Community Details

Overview

  • No Home Owners Association
  • Atlantic Heights Condos
  • Atlantic Heights Subdivision

Building Details

  • Net Operating Income $210,000

Recreation

  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$43,090

Lot Details

6,150 Sq Ft Lot

Listing Details

  • Property Type: Commercial Land
  • Horses: No
  • Lot Size Acres: 0.14
  • Lot Size: 50x123
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Subdivision Name: ATLANTIC HEIGHTS
  • CurrentPrice: 11000000
  • InternetRemarks: Prime 6,250 SF development site in North Beach. Boutique hotel potential up to 48 keys. Existing income with 11 licensed rooms. Steps from the beach.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Intensive Development

Exterior Features

  • Lot Features: Beach Area, Central Business District, Urban Area Development, 1-2.5 Acres
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ATLANTIC HEIGHTS

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-11-001-0290
  • Current Use: Unimproved Hotel/Motel, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 6150
  • Zoning: 3900

Multi Family

  • Net Operating Income: 210000

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 43090

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $37,395 $2,230,000 $1,045,500 $1,184,500
2024 $37,793 $1,990,000 $1,045,500 $944,500
2023 $37,793 $2,000,000 $1,045,500 $954,500
2022 $23,905 $1,041,249 $0 $0
2021 $22,857 $946,590 $0 $0
2020 $19,793 $1,300,000 $1,045,500 $254,500
2019 $17,788 $1,150,000 $861,000 $289,000
2018 $16,328 $1,150,000 $861,000 $289,000
2017 $14,596 $646,536 $0 $0
2016 $14,178 $587,760 $0 $0
2015 $11,163 $534,328 $0 $0
2014 $10,817 $485,753 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2026 04/28/26 Price Changed $11,000,000 -6.8% --
04/13/2026 04/13/26 For Sale $11,800,000 +232.4% --
09/02/2022 09/02/22 Sold $3,550,000 -2.7% $756 / Sq Ft View Prior Sale
08/04/2022 08/04/22 For Sale $3,650,000 -- $777 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $4,000,000 None Listed On Document
Warranty Deed $4,000,000 None Listed On Document
Warranty Deed -- --
Warranty Deed -- None Listed On Document
Warranty Deed $295,000 --
Deed $100 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $2,400,000 New Conventional
Closed $2,400,000 New Conventional
Previous Owner $2,000,000 New Conventional
Previous Owner $221,250 Commercial
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11992748

MIAMI REALTORS® MLS

APN: 02-3211-001-0290

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