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$4,600,000

  • For Sale
  • Active
  • Apartment
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420 78th St is a 23-unit multifamily property located in the heart of North Beach, just steps from the ocean. The asset consists of 22 studio units and one 1-bedroom/1-bath unit within a 7,821 SF, three-story building, currently generating approximately $408,000 in gross income. The property is fully occupied, offering strong in-place cash flow with additional upside through future rent growth, making it an attractive investment opportunity in a high-demand rental market. Positioned in a prime beachside location, the property benefits from consistent tenant demand and is just minutes from major employment hubs, retail, and dining, as well as Downtown Miami. The offering also includes a highly attractive assumable loan through CBRE with an approximate $1.7M balance at a 3.18% interest rate, providing a significant financing advantage for a new owner.

Full Property Details for 420 78th St

General

  • Price: $4,600,000
  • Taxes: $62,313 (2025)
  • Status: Active
  • Type: Apartment
  • Source: Greater_Miami
  • MLS ID: A12003967
  • Updated: 5/20/2026
  • Added to Site: 56 day(s) ago

Business

  • Business Type: Apartments

Location

  • County: Miami-Dade County

Community

  • Units Assoc/Comm: 23

Utilities

  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Stories/Levels: 3
  • Building Size: 7821
  • Year Built: 1940

Unit Information

  • Units in Complex: 23

Lot Features

  • Lot Size (Sq. Ft.): 5,650
  • Zoning: 3900

Financial Considerations

  • Tax Amount: $62,313
  • Tax Year: 2025
  • Terms: All Cash, Assumable, Conventional/Refinance

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: ALTOS DEL MAR NO 3 PB 8-41 LOT 1 BLK 15 LOT SIZE 50.000 X 113 OR 19254-3638 0800 1 COC 22093-4819 02 2004 1
  • Property ID: 02-32-02-007-0980

Listed by Fausto Commercial Realty Consultants Inc

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Listing agent

— 420 78th St —

  • Fausto Commercial Realty Consultants Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 420 78th St

School District:Dade County School District
NameGradesDistance
Biscayne Elementary School, Miami Beach, FL
800 77th Street, Miami Beach, FL 33141
PK-50.2 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-83.4 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-124.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 420 78th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/20/2026
Price Reduced
$4,600,000
-6.12%
MLS
4/26/2026
Listed
$4,900,000
24.05%
MLS
2/08/2023
Sold
$3,950,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 420 78th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$64,910
3%
$3,460,000
-2%
2024
$63,092
5%
$3,520,000
4%
2023
$60,206
11%
$3,400,000
6%
2022
$54,056
10%
$3,220,000
19%
2021
$48,965
—
$2,700,000
4%
2021
$48,965
7%
$2,597,000
3%
2019
$45,709
15%
$2,529,000
44%
2018
$39,892
30%
$1,756,920
7%
2017
$30,680
7%
$1,635,000
13%
2016
$28,775
8%
$1,452,000
10%
2015
$26,685
9%
$1,320,000
10%
2014
$24,381
31%
$1,200,000
53%
2013
$18,553
—
$784,661
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 420 78th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Fausto Commercial Realty Consultants Inc

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420 78th St, Miami Beach, FL 33141 (MLS# A12003967) is a Apartment property. 420 78th St is currently listed for $4,600,000 and was received on April 26, 2026. Want to learn more about 420 78th St? Do you have questions about finding other Apartment real estate for sale in North Shore? You can browse all North Shore real estate or contact a Coldwell Banker agent to request more information.

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