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Waterfront Short-Term Rental Portfolio
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18550 Northeast 23rd Court, Miami, FL 33180

Three furnished hospitality units are offered within a canal-front condominium development under construction in West Aventura.

Property Size1,904 SF
Price / SF$705.61
Days on Market76

Property Features for 18550 Northeast 23rd Court

General Information

Standard status Active
Size 1,904 SF
Class A
Property subtype Hospitality, Special Purpose
Zoning Ojus Urban Area District (OUAD)
Occupancy 75%
Investment Type Value Add

Units

Unit Mix 2 x 1BR/1BA, 1 x Studio
Multifamily Units 3

Additional Details

Furnished Yes
Public Transit Yes

Building Details

Year Built 2026
Buildings 1
Stories 6
Listing Agency: Compass Florida, LLC
Listed By: Avi Werde · License #3476441
Source: Crexi
Added: Jun 19 Changed: Aug 30 Last Checked: Sep 1 at 12:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC

Investment Insights

Based on property information with market context.

This offering includes three units in Canal West Aventura, a 34-unit waterfront condominium development currently under construction. Available inventory comprises two one-bedroom, one-bathroom residences measuring 689 SF and 752 SF, along with a 463 SF studio. The units are planned for professional short-term rental management and are scheduled for delivery fully furnished and turnkey ready. Completion is identified for 2026, and the property is zoned Ojus Urban Area District (OUAD).

The development is located at 18550 Northeast 23rd Court in Miami, with direct canal access. Nearby destinations identified in the offering include Aventura Mall, Sunny Isles Beach, Oleta River State Park, Greynolds Park, and Brightline Aventura Station. Individual and portfolio acquisition options are available, subject to the purchaser’s independent review of the under-construction project and its future operations.

Key Highlights

  • Three available units within a 34‑unit waterfront condominium development
  • Unit 204: 1 Bedroom / 1 Bathroom and 689 SF
  • Unit 208: 1 Bedroom / 1 Bathroom and 752 SF

Property Analytics

Current Use

Canal by IQ Construction Company

Suggested Use

Top Pick Auto Parts Store Plumbing Service Nursing Home Wine and Liquor Store Storage Facility Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,770
Businesses Nearby

Demographics for 33180, FL

35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Three furnished hospitality units are offered within a canal-front condominium development under construction in West Aventura.
Where is this short term rental property located?
The property is located at 18550 Northeast 23rd Court Miami, FL.
What is the asking price?
The asking price for this property is $1,343,490.
What are key features of this property?
This property features: Three available units within a 34‑unit waterfront condominium development; Unit 204: 1 Bedroom / 1 Bathroom and 689 SF; Unit 208: 1 Bedroom / 1 Bathroom and 752 SF
More about this property
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