$2,900,000

Estimated payment $17,946/month

Total Views 762
-- Bed
-- Bath
3,990 Sq Ft
$727 Price per Sq Ft

Highlights

  • In Ground Pool
  • Wood Flooring
  • Balcony
  • Deck
  • No HOA
  • High Impact Windows

About This Home

Extremely rare, fully licensed short term rental multi family building in the heart of South Beach, just blocks from Lincoln Rd & the Ocean. Due to strict municipal zoning laws, one of very few buildings in the area to be licensed for short term rentals, grandfathered in from prior to 2012. This Art Deco Gem, aka "Le’toile” features 4 spacious units, two 2 bedrooms and two 1 bedrooms. One of the units has an extra den/bedroom for potential added rental premium. The property features 3990 interior SF, a large pool & pool deck, impact windows, vaulted ceilings, front yard, parking area, fully gated and a large second floor patio overlooking lush landscaping & the private pool. Incredible upside through capital improvements & an opportunity to convert into a single family home/Mansion.

Listing Agent

Micha Porat

Compass Florida, LLC. License #3520305

Compass Florida, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,125

Year Built

  • Built in 1937

Lot Details

  • Fenced

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,990 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Wood Flooring
  • High Impact Windows

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Shed

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 4 Units
  • Lincoln Sub Condos
  • Lincoln Sub,Le’Toile Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-002-1080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,125

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1937
  • Property Sub Type: Quadruplex
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: LINCOLN SUB,Le’toile
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Wood
  • Living Area: 3990
  • Stories: 2
  • Window Features: Blinds, High Impact Windows

Exterior Features

  • Roof: Curved/S-Tile Roof
  • Exterior Features: Balcony, Exterior Lights
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Extra Building/Shed
  • Patio And Porch Features: Deck, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LINCOLN SUB
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-34-002-1080
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Hot Water, Pool Maintenance, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 21125

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 For Sale $2,900,000 0.0% $727 / Sq Ft
04/06/2025 04/06/25 Off Market $2,900,000 -- --
04/04/2025 04/04/25 For Sale $2,900,000 0.0% $727 / Sq Ft
04/04/2025 04/04/25 For Sale $2,900,000 -- $727 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11777574

MIAMI REALTORS® MLS