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+29 photosLuxury estate — 7830 Abbott Avenue · Altos Del Mar · Miami Beach
$7,499,999
7830 Abbott Avenue, Miami Beach, FL 33141
Miami Beach, FL, 33141
— bd · 0 ba · 19,155 sqft
Listed by Stay Plus LLC
7830 Abbott Avenue, Miami Beach, FL 33141
Listed by Stay Plus LLC
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Estimated monthly payment
$54,836/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $54,836/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesA fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1.1M+ in gross annual revenue with a 6.4% cap rate and $483,615 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for North Beach at this price point. Four exit strategies: redevelop, rebrand, hold, or resell, with no capital restructuring required. Miami Beach's stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesn't offer twice. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 12%
The seller has come down from $8,499,000 to $7,499,999 — a $999,001 reduction since it came on the market.
180 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $54,836/mo
7830 Abbott Avenue, Miami Beach, FL 33141 · Miami Beach
Location
7830 Abbott Avenue, Miami Beach, FL 33141
What buyers ask about this home
What are the estimated monthly carrying costs at 7830 Abbott Avenue, Miami Beach, FL 33141?+
Property tax (after sale): $9,508/month est.; homeowners insurance: $6,413/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $15,920/month est. Principal and interest: $38,916/month; PMI: $0/month. Total for the payment scenario shown: $54,836/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 7830 Abbott Avenue, Miami Beach, FL 33141?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 7830 Abbott Avenue, Miami Beach, FL 33141 need flood insurance, and what drives the premium?+
Most of Miami Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 7830 Abbott Avenue, Miami Beach, FL 33141?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the pool at 7830 Abbott Avenue, Miami Beach, FL 33141?+
A pool typically adds ongoing service, chemicals and electricity, plus periodic resurfacing and equipment replacement. Verify the safety barrier meets Florida code, which is required for insurance and resale.
Is there room to negotiate on 7830 Abbott Avenue, Miami Beach, FL 33141?+
This listing has been on the market 180 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami Beach. Beachside neighborhoods with local dining, Lincoln Road shopping and connections across the causeways to Miami.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Biscayne Beach Elementary School
Elementary · 0.3 mi from this home · 800 77Th St, Miami Beach
Miami Beach Nautilus Middle School
Middle school · 3.4 mi from this home · 4301 N Michigan Ave, Miami Beach
Miami Beach Senior High School
High school · 4.5 mi from this home · 2231 Prairie Ave, Miami Beach
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Archdiocese Of Miami Virtual Catholic School
Pre-K & Kindergarten · Private · Catholic · Grades K–12 · Miami Shores
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
Interested in this property?
$7,499,999 · MLS A12019182
$7,499,999
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