Price Reduced 12.07%
Price History
$2,900,000
11/20/2025
$2,550,000
2/18/2026
1018 Jefferson Ave, Miami Beach, FL, 33139
12 beds
11 Full baths
1930
Two Story
4,689 sqft
Located in the heart of South Beach’s Art Deco District, this RM-1–zoned former boutique hotel offers rare flexibility. The property features a spacious 3-bed/3-bath private villa plus four 1-bed/1-bath poolside suites. The main villa can be reconverted into a single-family home, while the poolside suites offer potential for cabanas, guest rooms, or in-law quarters. Previously operated as an Airbnb (license inactive), the property remains a strong candidate for future short-term rentals with a buyer reapplying, license not guaranteed. Ideal as a private compound, multi-generational residence, or versatile investment. This is a bank owned property. Buyer must conduct their own due diligence.This is a vacant former hotel offered as-is by a lender following foreclosure. The property has been vacant for an unknown period. The existing hotel license is no longer valid — any new owner must independently apply for all required licenses and permits with no guarantee of approval. The lender has no historical knowledge of the property's prior operations, financials, or condition. Brokers and their agents make no representations or warranties of any kind regarding the property. No information provided should be relied upon without independent verification. All buyers must perform their own due diligence on all aspects of the property. Brokers are not liable for any inaccuracies or omissions.
Status:
Pending
Type:
Single-family residential
Zoning:
3900
Subdivision:
OCEAN BEACH ADDN NO 3
Garage:
Driveway
Heating:
Central
Cooling:
Other
Est. Taxes:
$63,784
Construction
Block
Lot Description:
< 1/4 Acre
View Description:
None
Middle School:
Nautilus
High School:
Miami Beach
Days on Market:
170
Appliances:
Dryer, Microwave
Pool:
In Ground, Pool
MLS #:
A11917345
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Dwntwn Realty Advisors LLC 305-909-7343