For Sale
$25,000,000

1320 Ocean DrMiami Beach, FL 33139

Iconic South Beach Hotel, 46 Rooms, Oceanfront

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a beautifully renovated, 46-room Art Deco hotel located at 1320 Ocean Drive in Miami Beach, Florida. Built in 1936 by renowned architect Roy F. France, the Cavalier Hotel is a landmark property boasting a stunning oceanfront location directly across from the beach. The three-story building has recently undergone extensive renovations, resulting in luxuriously appointed guest rooms and interior spaces while meticulously preserving its exquisite Art Deco façade. The hotel also includes a restaurant and bar, complete with a 4COP liquor license, offering diverse revenue streams. The property's Mixed-Use Entertainment (MXE) zoning provides significant flexibility for future development, allowing for hotel operations, retail spaces, restaurants, and more. Situated in a world-class destination that attracts millions of visitors annually, this fee-simple, unencumbered property offers a new owner maximum operational flexibility and significant upside potential. The asking price for this irreplaceable historic masterpiece is $25,000,000. This prime Miami Beach location, combined with the hotel's unique character and recent renovations, presents a compelling investment opportunity in one of the world's most desirable destinations. The property is located in Miami-Dade County, Florida, with a zip code of 33139.

Highlights

  • $25,000,000 asking price.
  • 46-room Art Deco hotel in Miami Beach, Florida.
  • Located on Ocean Drive, directly across from the ocean.
  • Built in 1936, recently renovated.
  • Features a restaurant/bar with a 4COP liquor license.
  • Mixed-use entertainment (MXE) zoning.

Property Details for 1320 Ocean Dr

Property type
Hospitality properties, Hotels
Year Built
1936
Buildings
1
Stories
3

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.7843811
Longitude
-80.1300461
1320 Ocean Dr, Miami Beach, Florida

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1320 Ocean Dr
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