7320 Byron Ave, 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:

June 12, 2026 at 8:07PM

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: Miami Association of REALTORS®
• County: Miami-Dade County

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 102-32-02-003-0810

Financial

• Source: Miami Association of REALTORS®