Description

Ocean Front Condo Hotel with sidewalk cafe in Miami Beach’s hottest spot! Fronting sandy beaches and clear unobstructed views of the ocean and North Beach Park. Just across from “Bandshell”, Community Center, volleyball and tennis courts, this property is at the heart of Miami Beach’s vibrant scene. Art Deco building with 39 condominium units in excellent condition plus retail Mediterranean restaurant Ronni’s By The Ocean. The restaurant is 1,384 sf, has been beautifully renovated & is in excellent condition. Ocean Terrace Park area is undergoing major city project upgrades & improvements. Unique & rare opportunity that won’t last long. Don’t miss out on owning a prime piece of Miami Beach real estate, steps from the beach & Atlantic Ocean in a thriving community hub.Oceanfront restaurant with liquor license included in the sale

Address

Open on Google Maps

Address: Ocean Ter
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33141

Details

Updated on February 4, 2026 at 11:53 pm

Property ID A11587271
Price $55,000,000
Year Built 1940
Type Hotel/Motel
Property Status Commercial Sale

Additional details

BuildingAreaTotal 14500
BuildingAreaUnits Square Feet
BuildingFeatures Elevator, Exterior Lighting, Lobby
BuildingName Olsen Hotel Condo
BusinessType Commercial/Residential Income, Condominium
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2024-05-14
Cooling Wall/Window Unit(s)
CurrentUse Hotel Waterfront
DaysOnMarket 631
ExpirationDate 2026-07-27
Inclusions Building & Land
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-785-8013
LotFeatures Beach Access, Corner Lot
LotSizeSquareFeet 0
MajorChangeTimestamp May 5, 2025 at 08:30pm
MajorChangeType Back On Market
MlsStatus Active
ModificationTimestamp February 4, 2026 at 08:22pm
NumberOfBuildings 1
NumberOfUnitsInCommunity 1
OnMarketDate 2024-05-14
OriginalEntryTimestamp May 14, 2024 at 06:36pm
OriginalListPrice 50000000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-02-101-0001
ParkingFeatures On Street
PhotosChangeTimestamp January 5, 2026 at 05:38pm
PhotosCount 19
PostalCodePlus4 2768
PreviousListPrice 50000000
PriceChangeTimestamp May 15, 2024 at 06:53pm
PublicSurveyRange 32
PublicSurveySection 2
PublicSurveyTownship 32
RoadFrontageType City Street
Roof Tar & Gravel Roof
SecurityFeatures Smoke Alarm, Smoke Detector(s)
ShowingContactType Agent
ShowingInstructions Appointment Only, Call Listing Agent
SourceSystemKey 395845138
SpecialListingConditions Sale
StateOrProvince FL
StatusChangeTimestamp May 5, 2025 at 08:30pm
Stories 3
StoriesTotal 3
StreetName Ocean Ter
StreetNumber 7300
StreetNumberNumeric 7300
StructureType Free Standing, Hotel/Motel, Lounge, Restaurant, Retail, Hotel
SyndicationRemarks Ocean Front Condo Hotel with sidewalk cafe in Miami Beach's hottest spot! Fronting sandy beaches and clear unobstructed views of the ocean and North Beach Park. Just across from "Bandshell", Community Center, volleyball and tennis courts, this property is at the heart of Miami Beach's vibrant scene. Art Deco building with 39 condominium units in excellent condition plus retail Mediterranean restaurant Ronni's By The Ocean. The restaurant is 1, 384 sf, has been beautifully renovated & is in excellent condition. Ocean Terrace Park area is undergoing major city project upgrades & improvements. Unique & rare opportunity that won't last long. Don't miss out on owning a prime piece of Miami Beach real estate, steps from the beach & Atlantic Ocean in a thriving community hub.Oceanfront restaurant with liquor license included in the sale
TaxLegalDescription OLSEN HOTEL CONDO HARDING TOWNSITE PB 34-4 LOT 7 BLK 10
WaterSource Public
WaterfrontFeatures Ocean Access, Ocean Front
Zoning 3900