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524 Ocean Dr Miami Beach, FL $ 25,000,000
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$ 25,000,000 Get more info
524 Ocean Dr
$ 25,000,000
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524 Ocean Dr

Miami Beach, FL, 33139
$ 25,000,000
Bedrooms22 Baths-- Sq 22,686

Monthly Estimate*

$ 172,669

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Commercial Property for sale in Miami Beach, FL

for $25,000,000 with 22 bedrooms. This 22,686 square foot building was built in 1993.

OCEAN DRIVE ALL-SUITES HOTEL WITH ROOFTOP SWIMMING POOL Modern 22-suite oceanfront hotel with a restaurant and bar in an iconic beachfront location, which attracts millions of visitors each year. Built in 1993, The Fritz Hotel offers 15 one and two-bedroom suites – all with kitchenettes and some with balconies, as well as 7 studios. The hotel boasts a rooftop swimming pool and sun deck overlooking Lummus Park and endless ocean views. The property is offered fee simple.

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Commercial Active

Price

$ 25,000,000

Bedrooms

22

Property Type

Commercial

Taxes

$ 120,421

Style

Year Built

1993

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A12113598
Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Possession Closing & Funding
Roof Concrete
Security Features Fire Sprinkler System
Construction Materials Block
Year Built 1993
Stories Count 5
Property Subtype Hotel/Motel
Tax Year 2025
Waterfront Features Ocean Access Ocean Front
County Miami-Dade
Property Type Commercial Sale
Full Baths 0
Status Active
City Miami Beach
Zoning Description 6503
Number Of Units Total 22
MLS Area 42
Lot Size Units Square Feet
Lot Size Square Feet 6018
Listing Terms Cash Conventional
Tax Annual Amount 120421
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12113598
Structure Type Hotel/Motel Multi Family
Standard Status Active
Occupancy Type Call Agent
Legal Description FRIEDMAN & COPES SUB PB 4-83 BEG 1.38FTNE OF NE COR LOT 3 W 133.5FT SW50FT E133.49FT NE50 FT TO POB LESS ELY15FT BLK 2 LOT SIZE 51.000 X 118
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Interior
Flooring Marble Other Slate
Air Conditioning Y/N true
Heating Y/N true
Window Features Impact Glass
Total Bedrooms 22
Total Baths 0
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Exterior
Parking Features On Street Valet
Lot Features Flood Zone
Water Source Public
Lot Size Area 6018
Number of Buildings 1
Building Area Total 22686
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
One Sotheby's International Realty

Broker

info@susangalegroup.com

Email

Affordability Calculator

$182,704
Per Month
95%
5%
0%
Monthly Principal & Interest
$172,669
Monthly Property Taxes
$10,035
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
10/29/2026$25,000,000 Listed Price

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524 Ocean Dr, Miami Beach, FL, 33139 is a Commercial Property for sale at $25,000,000 with 22,686 sqft. 524 Ocean Dr has 22 bedroomsThe property's zip code is 33139 which is in Miami Beach, FL

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