The Lincoln Road Villa & Townhouses | 511 16th St
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The Lincoln Road Villa & Townhouses 511 16th St
10 Room Serviced Apartment Miami Beach, FL 33139 £5,868,375 (£586,838/Room) 9.07% Net Initial Yield
Investment Highlights
- Exceptional South Beach Location
- All Rooms Meticulously Crafted
- Villa Features Plunge Pool and On-Site Parking
- Legal Air BnB Short Term Rentals
- Finest New Asset For Sale in South Beach
- Short-Term Seller Financing Options Available
Executive Summary
The Lincoln Road Villa and Townhouses are an astonishing new offering in the heart of the South Beach City Center. It is comprised of a 3,300 square foot Bed & Breakfast Mediterranean Villa, with 6 Bedrooms and 6.5 Baths, and four Townhouses of 1,037 square feet each. The entire property is characterized by high end finishes, curated artwork, and extraordinary attention to detail. Each room, view, and amenity has been carefully crafted to provide guests with the ultimate stay in South Beach.
The Villa can be rented per room as a classic Bed & Breakfast or as a private residence depending on market conditions and seasonal demand. The Townhouses are exquisitely renovated to provide guests with everything they need for the perfect stay- top of the line appliances, washer/dryers in each unit, private balconies, exquisite finishes, extensive glazing, and fine craftsmanship throughout.
The Lincoln Road Villa is a legal short-term rental asset on the same block as world-famous Lincoln Road Mall. It is also just a short stroll to the Beach, Ocean Drive, Flamingo Park, Espanola Way, the newly renovated Convention Center, as well as the best in fine dining, shopping, museums, and people watching- a favorite pastime due to the splendor, warmth, and diversity that is South Beach. The Villa and Townhouses are ADA compliant, appropriately licensed for daily rentals, and are fully operational. Please see attached Offering Memorandum for aditional Information
The Villa can be rented per room as a classic Bed & Breakfast or as a private residence depending on market conditions and seasonal demand. The Townhouses are exquisitely renovated to provide guests with everything they need for the perfect stay- top of the line appliances, washer/dryers in each unit, private balconies, exquisite finishes, extensive glazing, and fine craftsmanship throughout.
The Lincoln Road Villa is a legal short-term rental asset on the same block as world-famous Lincoln Road Mall. It is also just a short stroll to the Beach, Ocean Drive, Flamingo Park, Espanola Way, the newly renovated Convention Center, as well as the best in fine dining, shopping, museums, and people watching- a favorite pastime due to the splendor, warmth, and diversity that is South Beach. The Villa and Townhouses are ADA compliant, appropriately licensed for daily rentals, and are fully operational. Please see attached Offering Memorandum for aditional Information
Property Facts
| Price | £5,868,375 | Lot Size | 0.19 AC |
| Price Per Room | £586,838 | Building Size | 8,003 SF |
| Sale Type | Investment | No. Rooms | 10 |
| Net Initial Yield | 9.07% | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1924/2024 |
| Property Subtype | Serviced Apartment | Parking Ratio | 0.25/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | £5,868,375 |
| Price Per Room | £586,838 |
| Sale Type | Investment |
| Net Initial Yield | 9.07% |
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 8,003 SF |
| No. Rooms | 10 |
| Number of Floors | 2 |
| Year Built/Renovated | 1924/2024 |
| Parking Ratio | 0.25/1,000 SF |
| Corridor | Interior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wi-Fi
- Smoke-Free
- Multi-Room Suites
- Digital key
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | £148.67 | - |
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 02-3234-002-0590 | Improvements Assessment | £5,954 |
| Land Assessment | £963,978 | Total Assessment | £969,932 |
PROPERTY TAXES
Parcel Number
02-3234-002-0590
Land Assessment
£963,978
Improvements Assessment
£5,954
Total Assessment
£969,932
zoning
| Zoning Code | RM-1 (RM-1 (Residential Multifamily-Low Intensity). Main permitted Uses include Bed & Breakfast Inns. Asset is a legal conforming use under current zoning.) |
| RM-1 (RM-1 (Residential Multifamily-Low Intensity). Main permitted Uses include Bed & Breakfast Inns. Asset is a legal conforming use under current zoning.) |
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The Lincoln Road Villa & Townhouses | 511 16th St
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