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    7300 Ocean Ter Miami Beach, FL 33141

    For Sale
    Contact for pricing

    Prime Beachfront Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Miami Beach property offers a unique blend of hospitality and multifamily investment. Situated directly on the oceanfront at 7300 Ocean Terrace, this three-story Art Deco building boasts 39 impeccably maintained condominium units. The property also includes a thriving 1,384 square foot Mediterranean restaurant, Ronni's By The Ocean, recently renovated to the highest standards. The building's prime location places it at the heart of Miami Beach's vibrant activity, directly across from the Bandshell, community center, volleyball and tennis courts, and North Beach Park. Enjoy breathtaking, unobstructed ocean views and the convenience of a sidewalk cafe. The Ocean Terrace Park area is currently undergoing significant city-led upgrades and improvements, promising further enhancement of this already desirable location. With 40 keys in total, this rare opportunity presents a substantial return on investment in a thriving community hub, just steps from the beach and Atlantic Ocean. This is a truly exceptional offering that combines the allure of beachfront living with the proven success of a well-established restaurant, making it an unparalleled investment prospect in one of Miami Beach's most sought-after areas. Don't miss this chance to own a piece of Miami Beach paradise.

    Property Features for 7300 Ocean Ter

    General Information

    Property type
    Multifamily properties

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • Oceanfront condo‑hotel in Miami Beach's prime location.
    • 40 keys in excellent condition.
    • Includes a 1,384 sq ft renovated restaurant.
    • Three‑story Art Deco building.
    • Located near North Beach Park, Bandshell, and community amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -80.1201397
    Latitude
    25.858631

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    FAQs

    What type of property is this?
    Multifamily property - Prime Beachfront Investment Opportunity
    Where is this multifamily property located?
    The property is located at 7300 Ocean Ter Miami Beach, FL.
    What are key features of this property?
    This property features: Oceanfront condo-hotel in Miami Beach's prime location.; 40 keys in excellent condition.; Includes a 1,384 sq ft renovated restaurant.
    Request Owner's contact information
    7300 Ocean Ter Miami Beach, FL 33141
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    Miami Beach, 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
    7300 Ocean Ter Miami Beach, FL 33141
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