NO RESTRICTIONS Income producing, Turn key ocean view condo in the Sorrento Tower at the Fontainebleau Hotel.


Property

Website:https://www.nestseekers.com/5419092
Address:
Apt: Unit 623
Miami Beach, FL 33140
Ownership: For Sale
Type: Condo
Rooms: 3
Bedrooms: 1 BR
Bathrooms: 2
Pets: Pets Allowed

Financials

Price:$1,499,000
Annual Taxes:$16,080
Common charges:$1,716

Description

NO RESTRICTIONS - Income producing, Turn-key ocean-view condo in the Sorrento Tower at the Fontainebleau Hotel. Features a spacious 1 bedroom condo , 2 full bath, sofa-bed, living area, full kitchen , in unit washer and dryer & a large private balcony, with full access to 5-star amenities including pools, spa, gym, restaurants & nightlife.Currently operating as a short-term rental on Airbnb, the unit generates approx. $170K/year in gross income with an average 90% occupancy. Managed by a private management company, with the option for the new owner to continue management or enroll in the Fontainebleau rental program. All Sorrento guests receive complimentary valet, resort fee & 2 spa passes per stay, plus full access to all amenities. Utilities are included in the HOA.

Amenities

  • Balcony
  • Bar
  • Built-in Features
  • Cabana
  • Deeded Beach Access
  • Direct Ocean
  • Dishwasher
  • Disposal
  • Dryer
  • Electricity Connected
  • Electric Range
  • Elevators
  • Fitness Center
  • Heated Pool
  • Lobby Attended
  • Maintenance
  • Microwave
  • Ocean Access
  • Pool
  • Refrigerator
  • Sauna
  • Security System
  • Smoke Detectors
  • Spa/Hot Tub
  • Washer
  • Water Connected

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Luxury Real Estate Group LLC

Miami Beach FL 33140 USA