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    235 78Th St Miami, FL 33141

    For Sale
    $8,500,000

    25-unit short-term rental property in North Beach, Miami Beach.

    Lot size:
    0.38 Acres

    Property Features for 235 78Th St

    General Information

    Lot size
    0.38 Acres

    Building Details

    Year built
    1951

    Source: Fausto Commercial Realty Consultants Inc Agent Antonio Saladrigas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Jerrico Apartments: 25 Units

    The Historic Jerrico Apartments is a 25-unit property located in North Beach, Miami Beach. The building, designed by Tony Sherman, contains 20 one-bedroom units and 6 studios. Architectural features include a courtyard and rooftop deck. The property is zoned for short-term rentals. Recent improvements include new windows, doors, A/Cs, and an electrical panel. The property is positioned in North Beach, near South Beach.
    Location Intelligence

    Current Use by Public Records

    LGP Glass & Mirrors Glass & Mirror Shop Gaiancestry Unique Protein ... Health Food Store NM Bookkeeping & Tax ... Bookkeeping Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.12194
    Latitude
    25.863463

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    FAQs

    What type of property is this?
    Apartment building - 25-unit short-term rental property in North Beach, Miami Beach.
    Where is this apartment building located?
    The property is located at 235 78Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: - Fully legal and zoned for short-term rentals in Miami Beach.; - Potential to yield over $900k/year in short-term rental income.; - 25-unit building comprised of 20 one-bedroom units and 6 studios.
    (786) 378-1850
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    235 78Th St Miami, FL 33141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    235 78Th St Miami, FL 33141
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