Oceanfront Hotel with Rooftop
524 Ocean Drive, Miami Beach, FL 33139
For Sale
$25,000,000
A suite-focused beachfront hotel combines guest accommodations with on-site restaurant and bar facilities.
Property Size6,018 SF
Price / SF$4,154
Days on Market11
Property Features for 524 Ocean Drive
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Amenities
Rooftop swimming pool
Sun deck
Building Details
Year Built
Buildings
Listing Agency:
One Sotheby's International Realty
Listed By:
Susan Gale · License #0394993
(305) 695-4253
Source:
Onesothebysrealty
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:48AM
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 One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
The Fritz Hotel is a 6,018-square-foot, 22-suite property built in 1993. Its accommodations include 15 one- and two-bedroom suites, each with a kitchenette; some also have balconies. Seven studio units complete the suite mix. A restaurant and bar operate within the hotel, while the rooftop features a swimming pool and sun deck.
Set on Ocean Drive, the hotel faces the ocean and looks toward Lummus Park. The property is offered fee simple.
Set on Ocean Drive, the hotel faces the ocean and looks toward Lummus Park. The property is offered fee simple.
Key Highlights
- Oceanfront hotel at 524 Ocean Drive in Miami Beach
- 22 suites across 6,018 square feet
- 15 one- and two‑bedroom suites with kitchenettes, plus 7 studios
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,611
Businesses Nearby
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Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
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Market
Average Price Trend$/SF for Hotels in Miami Beach, FL
Properties on Market for Hotels in Miami Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Hotel - A suite-focused beachfront hotel combines guest accommodations with on-site restaurant and bar facilities.
Where is this hotel located?
The property is located at 524 Ocean Drive Miami Beach, FL.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: Oceanfront hotel at 524 Ocean Drive in Miami Beach; 22 suites across 6,018 square feet; 15 one- and two‑bedroom suites with kitchenettes, plus 7 studios
