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, Miami Beach, FL 33139 (MLS# A10904786)

Miami Beach, FL 33139

$1,970,000
Property Type: Commercial Sale Square Footage: 6,703 Status: Closed
Current Price: $1,970,000 List Date: 8/04/2020 Last Modified: 6/14/2026

Overview

Description

BEST PRICE FOR SQFT. IN SOUTH BEACH. BEST CAP RATE. 1000 7th Street Ocean Beach is a 10-units apartment building located in the Art-Deco District of Miami Beach. With a high cap rate this is a GREAT DEAL for investors. The property is one of the first properties of the modernist era, originally built in 1951 and located on a 7,500-square ft lot, with 6,703 square ft of rentable space. The building has 10 units, 7 two-bedrooms and 3 one-bedroom. It is very close to the exclusive area of South of Fifth and it is walking distance from the beach and Ocean Drive. 1000 7° street Ocean Beach also allows you to have access to the prestigious South Pointe Elementary School.Don’t loose the opportunity.

Listing Details MLS# A10904786

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
Yes
Price Per Unit
215000
Occupant Type
Tenant
Building Area Main
6703
Adjusted Area Main
6422
Year Built
1951
Lot Size Area
7500
Lot Size Acres
0.17

Contract Information

Comp Sale YN
No
Original List Price
2150000

Location and Legal

County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
City Name
Miami Beach
State Or Province
FL
Postal Code
33139
Postal Code +4
5995
Subdivision Number
9
Zoning
3900
Flood Zone
AE

Financial Information

Tax Annual Amount
30580
Tax Legal Description
OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1

Status Change Information

Major Change Timestamp
2021-03-31T10:07:21Z
Major Change Type
Status Change
Status Change Date
2021-04-08
Under Contract Date
2021-03-30
Close Date
2021-03-31
Close Price
1970000
Buyer Financing
Cash

Description of Unit Type 1

Units Total
10
Furnished
Yes

More Information

Buyer Details

Intended Use
Investment
Buyer State
Florida
Zip Code
33139

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
306.76

Section Details

Parcel Number MLX
7640

Originating Details

Originating System Key
348992018
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF
Listing Office: Opera REI Inc
IDX
Last Updated: June - 14 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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