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$7,999,900 -$499,100 (-5.87%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 25 Units
  • Updated 2 days ago
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A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1M+ in gross annual revenue with a 5.13% cap rate and $436,287 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for North Beach at this price point. The numbers speak clearly: 50% LTV financing, $113,970 annual cash flow after debt service, a projected 10.79% levered IRR, 2.57x equity multiple, and $7M+ in profit over a 10-year hold. Four exit strategies - redevelop, rebrand, hold, or resell - with no capital restructuring required. Miami Beach's stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesn't offer twice. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.

Full Property Details for 7830 Abbott Ave

General

  • Price: $7,999,900
  • Taxes: $809,106 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A12019182
  • Updated: 8/21/2026
  • Added to Site: 101 day(s) ago

Rental Information

  • Rent Includes: Hot Water, Pest Control, Pool Maintenance, Sewer, Trash Collection, Water

Interior

  • Interior Features: Stairs
  • Flooring: Tile, Vinyl

Additional Information

  • Pool: Yes
  • Pool Description: Above Ground

Parking

  • Total Spaces: 11

Location

  • Area: Altos Del Mar No 3
  • County: Miami-Dade County
  • Subdivision: ALTOS DEL MAR NO 3
  • Building Name: ALTOS DEL MAR NO 3

Community

  • Community Name: Altos Del Mar No 3
  • Units Assoc/Comm: 3

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric
  • Heating Type: Other

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Other
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction, Brick
  • Roof: Concrete, Flat Tile
  • Windows: Clear Impact Glass
  • Stories/Levels: 2
  • Building Size: 19155
  • Square Feet: 19,155
  • Living Area: 19,155 Sq. Ft.
  • Year Built: 1963
  • Property Condition: Substantially Remodeled

Unit Information

  • Units in Complex: 3

Lot Features

  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Zoning: 3900

Financial Considerations

  • Price Per Sq. Ft.: $417.64
  • Tax Amount: $809,106
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Documents Avail.: Financial Statement, Investment Analysis, Other Available Information
  • Legal Description: ALTOS DEL MAR NO 3 PB 8-41 LOT 10 BLK 16 LOT SIZE 50.000 X 113 OR 17257-2417 0696 5 (2)
  • Property ID: 02-32-02-007-1180

Listed by Stay Plus LLC

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Listing agent

— 7830 Abbott Ave —

  • Stay Plus LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7830 Abbott Ave

School District:Dade County School District
NameGradesDistance
Biscayne Elementary School, Miami Beach, FL
800 77th Street, Miami Beach, FL 33141
PK-50.3 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
9-124.5 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 7830 Abbott Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/21/2026
Price Reduced
$7,999,900
-5.87%
MLS
5/15/2026
Listed
$8,499,000
112.48%
MLS
8/24/2021
Sold
$4,000,000
—
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 7830 Abbott Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$30,724
8%
$1,628,861
-2%
2024
$28,423
11%
$1,653,984
16%
2023
$25,585
11%
$1,419,915
16%
2022
$22,994
18%
$1,223,789
14%
2021
$19,503
—
$1,070,816
8%
2021
$19,503
21%
$995,183
23%
2019
$16,093
10%
$806,186
10%
2018
$14,678
-1%
$730,835
-26%
2017
$14,878
3%
$982,713
63%
2016
$14,406
22%
$603,997
7%
2015
$11,847
8%
$563,715
10%
2014
$11,008
16%
$512,469
10%
2013
$9,475
—
$465,881
—
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.

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NMLS#: 1598647

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Listed by Stay Plus LLC

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7830 Abbott Ave, Miami Beach, FL 33141 (MLS# A12019182) is a Multi-Family property with 25 units containing 0 bedrooms and 0 full bathrooms. 7830 Abbott Ave is currently listed for $7,999,900 and was received on May 15, 2026. Want to learn more about 7830 Abbott Ave? Do you have questions about finding other Multi-Family real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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