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    600 Ocean Dr Miami Beach, FL 33139

    For Sale
    $50,000,000

    Hotel Motel - Miami Beach, FL

    Type:Hotel-Motel
    Days on Market:
    313
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 600 Ocean Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Hotel-Motel
    Standard status
    Active
    Zoning
    6501
    APN
    02-42-03-004-0060

    Building Details

    Year built
    1933
    Architectural style
    Other

    Beachfront Realty, Inc (305) 405-0615 [email protected]

    Listing agent Marilina Apfelbaum (305) 405-0615 License #0662372

    Listing date Jan 27, 2025

    MLS# A11524293 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic South Beach Hotel

    Located in the heart of Miami Beach's South Beach, near Ocean Drive and the beach, the historic Beach Paradise Hotel dates back to the 1930s Art Deco era. This property has been preserved, blending classic elegance with modern amenities. The hotel features 54 rooms, offering a retreat for travelers. The property also includes a spacious on-site restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1359
    Latitude
    25.784

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    FAQs

    What type of property is this?
    Hotel - Historic 54-room hotel with restaurant near Ocean Drive.
    Where is this hotel located?
    The property is located at 600 Ocean Dr Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $50,000,000.
    What are key features of this property?
    This property features: - Prime South Beach location, steps from Ocean Drive and the beach.; - Historic 1930s Art Deco architecture.; - On-site restaurant.
    (305) 405-0615
    Request Owner's contact information
    600 Ocean Dr Miami Beach, FL 33139
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    Miami Beach, FL 33139
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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
    600 Ocean Dr Miami Beach, FL 33139
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