See Home Value
$26,253,700*
Commercial - Off Market

1320 Ocean Dr

Miami Beach, FL 33139
bedrooms
Studio
bathrooms
0 Bath
square feet
16928 Sqft
$22,500,000 - $27,500,000
Reference Base Price*
5.01%
Since Aug 1, 2022
FL-Miami
Primary Model

About This Property

South Beach – Trophy 46-room Art Deco hotel with restaurant/bar and 4COP liquor license across from the ocean on world-renowned Ocean Drive.  Designed by architect Roy F. France in 1936, the Cavalier Hotel is an irreplaceable historic masterpiece and a beautiful Ocean Drive landmark.  Recently reopened after extensive renovations, this oceanfront gem offers new luxuriously appointed guestrooms and interior spaces, while maintaining its exquisite Art-Deco facade.  Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more in a world-class destination.  The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility in an iconic beachfront location, which attracts millions of visitors each year.

The manager has listed the unit size as 16928 square feet.
Unit Size
16,928Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$1,477
Property Type
Commercial
Property Taxes
$12,272
HOA Dues
-
Year Built
1936

Price History

Date / Event Date Event Price
Jul 2, 2022 No longer available -
No longer available
Aug 21, 2021 Price Increased $25,000,000
↑ $3M (14.2%)
Price Increased
Jul 18, 2020 Price Decreased $21,900,000
↓ $3M (12.4%)
Price Decreased
Mar 8, 2020 Relisted $25,000,000
Relisted
Mar 7, 2020 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$25,000,000 Feb 28, 2022
-
-
Commercial
Loft
-
-
$28,000,000 Nov 23, 2022
-
$3,822/mo
Condo
4 Beds
5.5 Baths
3,955 ft²
$6,321/ft²
$25,000,000 Sep 19, 2022
-
$23,920/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220701
07/01/2022
Loft
-
-
$25,000,000
bedrooms
Loft
bathrooms
-
-
-
-
Susan Gale
One Sotheby's International Realty
20190213
02/13/2019
Loft
-
16928 ft²
$26,000,000
bedrooms
Loft
bathrooms
-
square feet
16928 ft²
-
-
-
Susan Gale
One Sotheby's International Realty

Building Info

1320 Ocean Drive 1320 Ocean Drive, Miami Beach, FL 33139
More about this Building
1320 Ocean Drive
Want to find out who owns 1320 Ocean Drive, Miami Beach, FL 33139? Get detailed property transactions here .

About Flamingo - Lummus


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