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$4,250,000 Just Listed
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Property Description
1535 West Ave is an exceptionally rare, fully gut-renovated multifamily asset in the heart of South Beach. Simply put, the Property represents one of the most comprehensively upgraded Art Deco multifamily offerings currently available in this highly sought-after market. In addition, a sister property located at 733 Michigan Avenue-comprised of 10 similarly renovated units-is available for acquisition either individually or as part of a portfolio, providing investors with immediate scale and operational efficiencies. Ownership has invested over $800,000 to transform the Property into a best-in-class rental asset, featuring high-end, condo-quality finishes throughout. 1535 West Ave consists of four (4) 2-bedroom / 1-bathroom units averaging $3,140 in current rents and four (4) 3-bedroom / 2-bathroom units averaging $4,463, all secured under 12-month leases. Given the level of renovation and unit finishes, the asset is well-positioned for a potential future condominium conversion, offering an additional monetization pathway. Strategically located at the epicenter of South Beach, the Property benefits from immediate proximity to the area's premier demand drivers, including Lincoln Road, Ocean Drive, Collins Avenue, and Washington Avenue. South Beach remains one of the most supply-constrained multifamily submarkets in the United States, with significant barriers to entry and enduring global appeal.
Full Property Details
Full Property Details for MLS# A12037045
General
- Price: $4,250,000
- Status: Active
- Type: Apartment
- Source: Greater_Miami
- MLS ID: A12037045
- Updated: 6/15/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Apartments, Residential-Multi-Family
Location
- County: Miami-Dade County
Community
- Units Assoc/Comm: 8
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Stories/Levels: 2
- Building Size: 7392
- Year Built: 1950
Unit Information
- Units in Complex: 8
Lot Features
- Lot Size (Sq. Ft.): 7,500
- Zoning: 3900
Financial Considerations
- Terms: All Cash, Conventional/Refinance
Disclosures and Reports
- Special Conditions: Sale
- Legal Description: 33-34 53 42 COMMERCIAL SUB PB 6-5 LOT 6 BLK 66 A LOT SIZE 50.000 X 150 OR 19204-3538 06 2000 1
- Property ID: 02-32-34-018-0620
Listed by CBRE, Inc.
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Price & Sales History for MLS# A12037045
Date
Details
Price
Change
Source
6/15/2026
Listed
$4,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for MLS# A12037045
MLS# A12037045, Miami Beach, FL 33139 (MLS# A12037045) is a Apartment property. MLS# A12037045 is currently listed for $4,250,000 and was received on June 15, 2026. Want to learn more about MLS# A12037045? Do you have questions about finding other Apartment 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.

