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Property profile & analytics
OFF-MARKET
Hospitality properties

7300 Ocean Ter Miami Beach, FL 33141

Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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