- MLS® #: A12003848
- 7320 Byron Ave
- Miami Beach, FL 33141-2613
- $4,900,000
- Business
Byron Avenue Suites represents an exceptional opportunity.The property features 16 fully furnished apartments, including 2 two-bedroom units, 9 one-bedroom units, and 5 studios. Each unit is equipped with a kitchenette (sink, refrigerator, microwave), allowing flexibility for both short-term and extended stays. This diverse unit mix caters to a wide range of travelers, including vacationers, families, and longer-stay guests, supporting consistent occupancy year-round. A key competitive advantage is the property’s grandfathered hotel license. Due to strict zoning and regulatory constraints in Miami Beach, new licenses are extremely limited, creating a strong barrier to entry and protecting long-term asset value. Byron Avenue Suites also benefits from an outstanding guest reputation:The property ranks as the #1 top-reviewed hotel in Miami Beach out of approximately 1,270 hotels. This strong track record supports repeat business, premium pricing, and consistent performance. There is clear upside potential through several strategic initiatives: implementing a direct booking platform to reduce platform fees and capture repeat guests. Additional enhancements, such as on-site laundry and outdoor amenities like a jacuzzi and lounge areas, offer opportunities to further increase revenue and guest satisfaction.
View Virtual TourEssential Information
- MLS® #A12003848
- Price$4,900,000
- CAD Dollar$6,742,165
- UK Pound£3,659,286
- Euro€4,225,133
- Bathrooms0.00
- Year Built1941
- TypeBusiness
- Sub-TypeHotel Motel
- StatusActive
Community Information
- Address7320 Byron Ave
- Area32
- CityMiami Beach
- CountyMiami-Dade
- StateFL
- Zip Code33141-2613
- Office: Gary Hennes Realtors
Property Location
7320 Byron Ave on www.jupiteroceanfronthomes.us
Offered at the current list price of $4,900,000, this home for sale at 7320 Byron Ave features bedrooms and 0 bathrooms. This real estate listing is located in of Miami Beach, FL 33141-2613 . 7320 Byron Ave is listed under the MLS ID of A12003848 and has been on the Miami Beach real estate market for 25 days.Facts About Miami Beach, FL
Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.
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