7320 Byron Avenue, Miami Beach, FL 33141

• 9,127 sqft

Property Description

Byron Avenue Suites represents an exceptional opportunity.The property features 16 fully furnished apartments, including 2 two-bedroom units, 9 one-bedroom units, and 5 studios. Each unit is equipped with a kitchenette (sink, refrigerator, microwave), allowing flexibility for both short-term and extended stays. This diverse unit mix caters to a wide range of travelers, including vacationers, families, and longer-stay guests, supporting consistent occupancy year-round. A key competitive advantage is the property’s grandfathered hotel license. Due to strict zoning and regulatory constraints in Miami Beach, new licenses are extremely limited, creating a strong barrier to entry and protecting long-term asset value. Byron Avenue Suites also benefits from an outstanding guest reputation:The property ranks as the #1 top-reviewed hotel in Miami Beach out of approximately 1,270 hotels. This strong track record supports repeat business, premium pricing, and consistent performance.There is clear upside potential through several strategic initiatives: implementing a direct booking platform to reduce platform fees and capture repeat guests. Additional enhancements, such as on-site laundry and outdoor amenities like a jacuzzi and lounge areas, offer opportunities to further increase revenue and guest satisfaction.

Listing Status:

Active

Date Added:

April 19, 2026

Data Last Updated:

September 29, 2026 at 5:20AM

Listing Office:

Gary Hennes Realtors : 305-532-1558

Listing Agent:

Luca Migliore : 646-626-3383

MLS ID:

A12003848

Location

• Road/Access: City Street
• Originating MLS: BEACH_MIAMI
• County: Miami-Dade

Lot

• Zoning: 3900HARDING TOWNSITE PB 34-4 LOT 5 BLK 7 LOT SIZE 50.000 X 150 OR 20394-4054 0502 1 COC 23571-4766 07 2005 10232020030810

Financial

• Source: BEACH_MIAMI