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    1680 James Ave Miami Beach, FL 33139

    For Sale
    $21,900,000

    Historic Art Deco Hotel, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    The James Hotel, a legendary 47-key Art Deco hotel, presents a unique investment opportunity in the heart of Miami Beach, Florida. Built in 1939, this three-story building boasts a prime location just steps from the world-renowned Ocean Drive beach and the vibrant Lincoln Road shopping district. All 47 guest rooms have been renovated and feature modern amenities including double or single beds, microwaves, refrigerators, and individual air conditioning, catering to both short-term and long-term guests. The hotel benefits from a substantial on-site parking area, a rare find in Miami Beach. The property is zoned CD3, a Commercial High Intensity zoning designation, offering a significant development potential with a 2.75 Floor Area Ratio (FAR). This allows for exceptional expansion or redevelopment opportunities for the discerning investor. This historic property combines the charm of Art Deco architecture with the convenience of a prime location and the potential for significant future growth, making it an exceptional addition to any portfolio. The asking price is $21,900,000. This is a rare chance to acquire a piece of Miami Beach history and capitalize on its enduring appeal.

    Property Features for 1680 James Ave

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    1939
    Buildings
    1
    Stories
    3

    HighLights

    • $21,900,000 Asking Price
    • Historic 1939 Art Deco Hotel in Miami Beach, FL
    • 47 renovated hotel rooms
    • Located in a high‑intensity commercial zone (CD3), near Ocean Drive and Lincoln Road.
    • Features a large parking area.
    • 2.75 FAR allows for significant development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    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
    -80.1311055
    Latitude
    25.7919799

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    FAQs

    What type of property is this?
    Hotel - Historic Art Deco Hotel, Prime Location
    Where is this hotel located?
    The property is located at 1680 James Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $21,900,000.
    What are key features of this property?
    This property features: $21,900,000 Asking Price; Historic 1939 Art Deco Hotel in Miami Beach, FL; 47 renovated hotel rooms
    Request Owner's contact information
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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
    1680 James Ave Miami Beach, FL 33139
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