1018 Jefferson Ave, Miami Beach, FL 33139
- $1,800,000
- 12
- BD
- 11
- BA
- 4,689
- SqFt
- Sold Price
- $1,800,000
- List Price
- $2,550,000
- Status
- CLOSED
- Days on Market
- 147
- Closing Date
- Jul 30, 2026
- MLS#
- A11917345
- Subtype
- Residential
- Style
- Pool Only, House
- Year Built
- 1930
- Bedrooms
- 12
- Bathrooms
- 11
- Full Baths
- 11
- Living Area
- 4,689
- Lot Size
- 7,000
- Subdivision
- Ocean Beach Addn No 3
- Building Name
- Ocean Beach Addn No 3
Property Description
Located in the heart of South Beach’s Art Deco District, this RM-1–zoned former boutique hotel offers rare flexibility. The property features a spacious 3-bed/3-bath private villa plus four 1-bed/1-bath poolside suites. The main villa can be reconverted into a single-family home, while the poolside suites offer potential for cabanas, guest rooms, or in-law quarters. Previously operated as an Airbnb (license inactive), the property remains a strong candidate for future short-term rentals with a buyer reapplying, license not guaranteed. Ideal as a private compound, multi-generational residence, or versatile investment. This is a bank owned property. Buyer must conduct their own due diligence.This is a vacant former hotel offered as-is by a lender following foreclosure. The property has been vacant for an unknown period. The existing hotel license is no longer valid — any new owner must independently apply for all required licenses and permits with no guarantee of approval. The lender has no historical knowledge of the property's prior operations, financials, or condition. Brokers and their agents make no representations or warranties of any kind regarding the property. No information provided should be relied upon without independent verification. All buyers must perform their own due diligence on all aspects of the property. Brokers are not liable for any inaccuracies or omissions.
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Additional Information
- Interior Features
- First Floor Entry, Family Room, Florida Room, Separate Guest/In-Law Quarters
- Exterior Features
- None
- Taxes
- $63,784
- Community Features
- Ocean Beach Addn No 3
- Property Description
- Pool Only, House
- Zoning
- 3900
- Flooring
- Wood
- Appliances
- Dryer, Microwave
- Heating
- Central
- Air Conditioning
- Other
- Exterior Construction
- Concrete Block Construction
- Roof
- Barrel Roof
- Pool
- Yes
- Pool Type
- In Ground
- Parking
- Driveway
- Parking Features
- Driveway
- Middle School
- Nautilus
- High School
- Miami Beach
- View
- None
Listing Courtesy of Dwntwn Realty Advisors LLC, Contact:
Selling Office: Yarlex International Realty.