InnShopper > Inns for Sale > Florida > South Beach > Meridian House

Meridian House


South Beach, FL   Offered for sale at $4,750,000
 

Meridian House's unbelievable location, extraordinary level of finish and impressive income stream make this a once-in-a-lifetime opportunity. As home to the current owner for 15 years a staggering amount of love and care have gone into making this a one-of-a-kind showpiece. Pride of place is evident in every aspect of this luxurious home.

In addition to the existing villa, more development is allowed on the property by-right. Zoned RM-1 the allowable FAR = 1.25 times the site area of 7,500 SF for a total of 9,375 SF. Thus, 6,175 SF of additional construction over and above the existing 3,200 SF of the existing villa is permitted. Possible uses include private villas, townhomes, apartments, or more B&B rooms with proper City approvals.

No detail has been omitted in ensuring that all municipal codes, licenses, and taxes have been fully honored, fulfilled, and complied with. Final additions to this masterpiece are completed including an enlarged rear patio, new ADA accessible ramp and bathroom, and upgrades to the fire safety system. All licenses have been issued by the City of Miami Beach including approval as a Bed & Breakfast Inn. Included with the property and building are select furnishings, a state of the art marketing system, good faith business history, and an impressive income track record.



Property Details
  • 5 Guest Rooms
  • 5 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1935
  • Last Renovated in 2016
  • Opened in 2013
  • Building is 3,200 SQFT
  • Lot is 0.16 Acres
  • Photo Gallery
Financial Details
  • Offered for sale at $4,750,000
  • Occupancy Rate: 8590%
  • Average Daily Rate: $1,424
  • Annual revenue is $520,000
  • Terms: Cash or conventional. Motivated Seller, Flexible Terms, Some Owner Financing, No Leases.
  • Prequalify for Inn Financing on this property
Contact Information