How much is 7830 Abbott Avenue?

7830 Abbott Avenue is listed at $7,999,900, which is about $418 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 7830 Abbott Avenue?

The listing reports annual property taxes of $809,106 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 7830 Abbott Avenue built?

7830 Abbott Avenue was built in 1963 and the listing describes its condition as resale updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 7830 Abbott Avenue been on the market?

7830 Abbott Avenue has been listed for 132 days, and the asking price has been reduced from $8,499,000. Days on market and price changes are the first signals of how much room there is to negotiate.

Which schools serve 7830 Abbott Avenue?

The MLS lists Biscayne Beach (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 7830 Abbott Avenue?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

7830 Abbott Avenue, Miami Beach, FL 33141

$7,999,900 · Active

0 baths
19,155 sq ft
Quadruplex
Built 1963
MLS# A12019182
Altos Del Mar No 3

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About this home

A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1M+ in gross annual revenue with a 5.13% cap rate and $436,287 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for North Beach at this price point. The numbers speak clearly: 50% LTV financing, $113,970 annual cash flow after debt service, a projected 10.79% levered IRR, 2.57x equity multiple, and $7M+ in profit over a 10-year hold. Four exit strategies — redevelop, rebrand, hold, or resell — with no capital restructuring required. Miami Beach's stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesn't offer twice. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.

Features

Above Ground

Schools

Elementary: Biscayne Beach
Middle: Miami Beach Nautilus
High: Miami Beach

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Stay Plus LLC · Listing agent: Santiago Rodriguez

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 7830 Abbott Avenue.

Questions About 7830 Abbott Avenue

How much is 7830 Abbott Avenue?: 7830 Abbott Avenue is listed at $7,999,900, which is about $418 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 7830 Abbott Avenue?: The listing reports annual property taxes of $809,106 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 7830 Abbott Avenue built?: 7830 Abbott Avenue was built in 1963 and the listing describes its condition as resale updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 7830 Abbott Avenue been on the market?: 7830 Abbott Avenue has been listed for 132 days, and the asking price has been reduced from $8,499,000. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 7830 Abbott Avenue?: The MLS lists Biscayne Beach (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 7830 Abbott Avenue?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

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