235 78th Street, Miami Beach, FL 33141 (MLS# A11708118)

235 78th Street, Miami Beach, FL 33141

$8,500,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11708118

Property Type: Commercial Sale Square Footage: 15,719 Status: Active

Current Price: $8,500,000 List Date: 12/11/2024 Last Modified: 6/10/2026

Overview

Description

The Historic Jerrico Apartments, a 25-unit short-term rental applicable property in North Beach, Miami Beach. This architectural masterpiece by Tony Sherman has 20 one-bedroom units and 6 studios, with a lush courtyard and rooftop deck. The property is fully legal and zoned for short-term rentals, making it a rare opportunity in Miami Beach. Recent improvements include new windows, doors, A/Cs, and electrical panel. North Beach is a hidden gem with affordability, close to upscale areas like South Beach. Get in now before values increase! Short-term rentals can yield over $900k/yr, with potential for even more.

Listing Details MLS# A11708118

General Property Information

Property Sub Type: Multi Family
Occupant Type: Call Listing Agent
Building Area Main: 15719
Year Built: 1951
Lot Size Area: 16500
Lot Size Acres: 0.38

Property Features

Structure Type: Hotel/Motel

Contract Information

Comp Sale YN: No
Original List Price: 11000000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 235
Street Name: 78th
Street Suffix: Street
City Name: Miami Beach
State Or Province: FL
Postal Code: 33141
Postal Code +4: 2189
Area: 2320
Parcel Number: 0232020070190
Subdivision Number: 7
Zoning: 3900
Flood Zone: AE

Financial Information

Tax Annual Amount: 93205
Tax Legal Description: ALTOS DEL MAR NO 3 PB 8-41 LOTS 4 TO 6 INC LESS W2.5FT BLK 4 LOT SIZE 150.000 X 110 OR 15999-4577 0793 1

Status Change Information

Major Change Timestamp: 2025-11-13T23:10:52Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-11-13T23:10:52Z
Status Change Date: 2024-12-11

More Information

Price Calculations

Current Price To SqFt: 540.74

Section Details

Parcel Number MLX: 0190

Originating Details

Originating System Key: 404422877
Originating System ID: M00000151

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: June - 10 - 2026

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