Description

a fully licensed 14-unit short-term rental property located in the highly coveted West Avenue district of Miami Beach. This turnkey hospitality asset offers an exceptionally rare opportunity to acquire a legally operating STR building within one of the most supply-restricted and tightly regulated jurisdictions in the United States.
The property has been modernized and professionally operated, featuring fully furnished units with contemporary finishes, kitchenettes, and on-site amenities designed to support seamless guest turnover. Positioned just steps from Lincoln Road, Flamingo Park, Sunset Harbor, and the ocean, 1321 15th Street benefits from year-round tourism demand, strong ADRs, and a proven operational track record.
With protected zoning, existing licensing, and a stabilized revenue base, this opportunity provides both immediate cash flow and long-term value in a market where legal STR inventory remains extremely limited.

Address

Open on Google Maps

Address: 15th St
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: ALTON BEACH BAY FRONT RE-

Details

Updated on April 10, 2026 at 2:56 am

Property ID A11931154
Price $5,100,000
Property Size 76 Square Feet
Year Built 1951
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 76
BuildingAreaUnits Square Feet
BuildingName ALTON BEACH BAY FRONT RE-
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-12-15
Cooling Central Air
DaysOnMarket 115
DocumentsAvailable Financial Statement, Investment Analysis
ExpirationDate 2026-12-15
Flooring Wood
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-209-8866
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Alton Beach Bay Front Re-
MajorChangeTimestamp April 9, 2026 at 03:44pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 9, 2026 at 03:44pm
NumberOfUnitsInCommunity 14
NumberOfUnitsTotal 14
OnMarketDate 2025-12-15
OriginalEntryTimestamp December 15, 2025 at 10:31pm
OriginalListPrice 5500000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-33-088-0150
ParkingTotal 2
PhotosChangeTimestamp December 15, 2025 at 10:39pm
PhotosCount 12
Possession Negotiable
PostalCodePlus4 2262
PreviousListPrice 5500000
PriceChangeTimestamp April 9, 2026 at 03:44pm
PublicSurveyRange 32
PublicSurveySection 33
PublicSurveyTownship 32
RentIncludes Sewer, Trash Collection, Water
Roof Concrete
Sewer Public Sewer
ShowingContactType Agent, Call Listing Office
ShowingInstructions 24 Hour Notice, Appointment Only, Call Listing Agent, Call Listing Office
SourceSystemKey 424349808
StateOrProvince FL
StatusChangeTimestamp December 15, 2025 at 10:31pm
Stories 2
StoriesTotal 2
StreetName 15th St
StreetNumber 1321
StreetNumberNumeric 1321
StructureType Quadruplex, Fourplex
SyndicationRemarks a fully licensed 14-unit short-term rental property located in the highly coveted West Avenue district of Miami Beach. This turnkey hospitality asset offers an exceptionally rare opportunity to acquire a legally operating STR building within one of the most supply-restricted and tightly regulated jurisdictions in the United States. The property has been modernized and professionally operated, featuring fully furnished units with contemporary finishes, kitchenettes, and on-site amenities designed to support seamless guest turnover. Positioned just steps from Lincoln Road, Flamingo Park, Sunset Harbor, and the ocean, 1321 15th Street benefits from year-round tourism demand, strong ADRs, and a proven operational track record. With protected zoning, existing licensing, and a stabilized revenue base, this opportunity provides both immediate cash flow and long-term value in a market where legal STR inventory remains extremely limited.
TaxAnnualAmount 71585
TaxLegalDescription JACQUELINE CONDO UNIT CU UNDIV 0.9591116% INT IN COMMON ELEMENTS OFF REC 30221-317
TaxYear 2025
YearBuiltDetails Resale
Zoning 3900