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ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12022142
$3,950,000

235 18th Street, Miami Beach, FL 33139

Beds
—
Baths
0
Sqft
4,779
Est. payment$25,604/mo
Home type
Residential Income
Year built
1937
Lot size
—
Price / sqft
$827
HOA
—
Community
ALTON BEACH 1ST SUB

Property description

Boutique 18 Miami Beach – Fully renovated 12-unit licensed hospitality property located steps from the beach and the east end of Lincoln Road in the heart of Miami Beach’s rapidly evolving Collins Park district. Renovated in 2015 and currently operated as a boutique hotel under a master lease structure generating stable in-place income. Positioned near luxury hotels, the Convention Center, Collins Avenue, Ocean Drive, and major lifestyle destinations driving year-round tourism demand. The surrounding area is undergoing over $4 billion in luxury residential, hospitality, retail, and infrastructure investment, further strengthening long-term value and hospitality demand. Existing hotel licensing in place with operational upside through direct hospitality management and revenue optimization. Offering Memorandum available upon request.

Listing activity

Days on market
156
Listed
May 20, 2026
MLS listing updated
May 31, 2026
Feed last checked
11 minutes ago

Listed by Silvana Carvalho · Majestic Properties LLC

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0

Rooms & features

Flooring
Other

Heating & cooling

Heating
Separate Meters, Other
Cooling
Central Air, Other
Property

Exterior

Stories
2
Building area
4,779 sqft
Pool
No
Waterfront property
No

Lot

Zoning
4000
Construction

Type & style

Home type
Residential Income
Structure type
Multi Family
Year built
1937

Materials

Construction
Other
Roof
Other
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Utilities
Cable Not Available
Community & HOA

Community

Subdivision
ALTON BEACH 1ST SUB
MLS area
2320

Association

Has association
No
Lease details

Not reported by the listing source.

Location

Area details

City
Miami Beach
County
Miami-Dade
ZIP code
33139
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12022142
Possession
Close Of Escrow
Original list price
$3,950,000
Parcel number
0232340190120
Annual property tax
$37,604
Tax year
2025
Tax legal description
ALTON BEACH 1ST SUB PB 2-77 E45FT OF S1/2 LOT 13 & E45FT LOT 14 BLK 2 LOT SIZE 45.000 X 75 OR 19676-1396 0401 1 COC 24133-4484 01 2006 1
Additional MLS details

Reported by the listing source

Association
No
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
Building Area Total
4779
Construction Materials
Other
County Or Parish
Miami-Dade
Days On Market
156
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach
List Price
3950000
Listing Contract Date
2026-05-20
Living Area
4779
MLSArea Major
2320
Mls Status
Active
On Market Date
2026-05-20
Photos Count
41
Postal Code
33139
Property Type
Residential Income
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-05-20T04:00:00Z
Stories Total
2
Subdivision Name
ALTON BEACH 1ST SUB
Water Source
Public
Tax Annual Amount
37604
Pool Private
No
Waterfront
No

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
May 20, 2026ListedMIAMI REALTORS® MLS$3,950,000$827/sqft

Public tax history

YearProperty taxesAssessment
2025$37,604—

Payment calculator

Estimated monthly payment$25,604/moIllustrative estimate, not a loan offer.
Principal & interest
$20,496
Property taxes
$3,134
Insurance
$1,975
Association dues
—

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

ALTON BEACH 1ST SUB

Miami Beach · Miami-Dade County · 33139

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Miami Beach Fienberg / Fisher K-8Elementary
—
Miami BeachHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Majestic Properties LLC. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.