745-747 Lenox Ave, Miami Beach FL 33139

$3,100,000

$1761/sq ft

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Overview

Year Built

1952

Sqft

1760

Property Type

Triplex

Property Description

Villa Venezia is a gated 7,500 Sq.Ft boutique hospitality compound in the heart of South Beach, featuring three condominium units across two, 2-story residences, totaling 11 bedrooms and 9.5 baths. The front residence operates with a rare Bed & Breakfast short-term rental license, while the two rear units offer flexible use for extended stays, long-term tenants, or owner-occupancy. With over 5,200 SF of interior space and private tropical gardens, the property combines the feel of a luxury villa estate with the revenue profile of a boutique hotel. Current operations show strong demand, diversified bookings, and consistent year-round occupancy. The asset also presents clear value-add potential through operational optimization, elevated design packages, brand repositioning, and the unique ability to exit through three individually deeded condo units. A rare opportunity to acquire a licensed, income-producing compound with privacy, scale, and multiple paths to upside — all within walking distance of Lincoln Road, Collins Ave, Ocean Dr and the beaches.

Property Details

MLS#

A11928120

Total Floor in Bldg

2

Building

LENOX CONDO

Address

745-747 Lenox Ave

City

Miami Beach

State/county

FL

Zip/Postal Code

33139

Area

Lenox Condo

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Monthly

Tax Amount

$34,070

Maint Fee

$--

Tax Year

2022

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Boris Gelfand