524 Ocean Drive, Miami Beach, FL 33139
$25,000,000 · $1,102 per sq ft · Hotel/Motel for sale
- Property type: Hotel/Motel
- Asking price: $25,000,000
- Price per sq ft: $1,102
- Building size: 22,686 sq ft
- Lot size: 6,098 sq ft
- Zoning: 6503
- Year built: 1993
- Units: 1
- Stories: 5
- Buildings: 1
- Parcel ID: 0242030020050
- MLS#: A12113598
About this property
OCEAN DRIVE ALL-SUITES HOTEL WITH ROOFTOP SWIMMING POOLModern 22-suite oceanfront hotel with a restaurant and bar in an iconic beachfront location, which attracts millions of visitors each year. Built in 1993, The Fritz Hotel offers 15 one and two-bedroom suites – all with kitchenettes and some with balconies, as well as 7 studios. The hotel boasts a rooftop swimming pool and sun deck overlooking Lummus Park and endless ocean views. The property is offered fee simple.
Building Features and Utilities
- Block
Rent Roll
| Unit type | Units | Beds / baths | Size | Rent per unit | Pro forma |
|---|---|---|---|---|---|
| Hotel Room(s) | 22 | — | — | — | — |
22 units.
Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.
Operating Statement
| Property taxes | $120,421/yr |
|---|
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 524 Ocean Drive
- Included: Furniture
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
One Sotheby's International Realty · MLS@onesothebysrealty.com · Listing agent: Susan M Gale
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 not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 524 Ocean Drive or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Before You Make an Offer
Your Hotel's Next Buyer May Already Be Looking
Hotel investors, hospitality operators and acquisition groups work with BreakThru Realty with defined criteria: the key count, the flag, the location, the performance and the price. If you own a hotel or motel, a broker can review it confidentially against those criteria before anyone else learns it may be for sale.
Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.
Find Out If We Have Your Buyer · Discuss Selling With BreakThru Realty
A potential match is a conversation, not an offer, until the buyer sees your property and makes one. No buyer is named and nothing about your property or business is shared until you decide to proceed.
Questions About 524 Ocean Drive
- How much is 524 Ocean Drive?
- 524 Ocean Drive is listed at $25,000,000, about $1,102 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is 524 Ocean Drive zoned?
- The listing reports zoning of 6503. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 524 Ocean Drive?
- The listing reports 22,686 square feet of building.
- When was 524 Ocean Drive built?
- 524 Ocean Drive was built in 1993. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 524 Ocean Drive?
- The listing reports annual property taxes of $120,421 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 524 Ocean Drive?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.
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