Technical
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Property profile

7300 Ocean Ter Miami Beach, FL 33141

OFF-MARKET
Hospitality properties
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Property summary

AI-generated overview

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 profile

Verified
Property type Hospitality properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • (Bike/Boat/Book/etc) Store
  • Vacation Rental Hotel & Motel
  • Hardware & Home Improvement Furniture & Home Goods
  • Parking Lot & Garage

Location

7300 Ocean Ter Miami Beach, FL 33141
Miami Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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