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1321 15th St
Miami Beach, FL 33139
Fully Licensed 14-Unit ShortTerm Rentl Propty · Hospitality Property For Sale
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14 Rooms
INVESTMENT HIGHLIGHTS
- Fully Licensed 14-Unit STR – Rare legal short-term rental building in one of the most regulated markets in the U.S.
- Turnkey Operation – Modern, fully furnished units with kitchenettes and streamlined hospitality systems.
- Protected Zoning & Approvals – Irreplaceable entitlement position with long-term regulatory security.
- Turnkey Operation – Modern, fully furnished units with kitchenettes and streamlined hospitality systems.
- Proven Performance – Solid ADRs and occupancy supported by consistent operational history.
- Cash Flow & Upside – Stable income today with additional revenue potential through pricing and management optimization
EXECUTIVE SUMMARY
The Porosoff Group is pleased to present exclusively for sale 1321 15th Street, a fully licensed 14-unit short-term rental property located in the highly coveted West Avenue district of Miami Beach. This turnkey hospitality asset offers an exceptionally rare opportunity to acquire a legally operating STR building within one of the most supply-restricted and tightly regulated jurisdictions in the United States.
The property has been modernized and professionally operated, featuring fully furnished units with contemporary finishes, kitchenettes, and on-site amenities designed to support seamless guest turnover. Positioned just steps from Lincoln Road, Flamingo Park, Sunset Harbour, and the ocean, 1321 15th Street benefits from year-round tourism demand, strong ADRs, and a proven operational track record.
With protected zoning, existing licensing, and a stabilized revenue base, this opportunity provides both immediate cash flow and long-term value in a market where legal STR inventory remains extremely limited.
The property has been modernized and professionally operated, featuring fully furnished units with contemporary finishes, kitchenettes, and on-site amenities designed to support seamless guest turnover. Positioned just steps from Lincoln Road, Flamingo Park, Sunset Harbour, and the ocean, 1321 15th Street benefits from year-round tourism demand, strong ADRs, and a proven operational track record.
With protected zoning, existing licensing, and a stabilized revenue base, this opportunity provides both immediate cash flow and long-term value in a market where legal STR inventory remains extremely limited.
PROPERTY FACTS
| Price Per Room | $541,086 CAD | Building Size | 8,493 SF |
| Sale Type | Investment | No. Rooms | 14 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1945/2019 |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.17 AC | ||
| Zoning | RM-1 - RM-1 (Residential Multifamily- Low Intensity) | ||
| Price Per Room | $541,086 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,493 SF |
| No. Rooms | 14 |
| No. Stories | 2 |
| Year Built/Renovated | 1945/2019 |
| Corridor | Exterior |
| Zoning | RM-1 - RM-1 (Residential Multifamily- Low Intensity) |
AMENITIES
- Wheelchair Accessible
- Public Access Wifi
- Smoke-Free
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 14 | $99.17 CAD | - |
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