About 1018 Jefferson Avenue
The subject property, zoned RM-1, presents a rare value-add opportunity nestled in the heart of South Beach's iconic Art Deco District — one of Miami Beach's most sought-after and high-demand hospitality corridors.The property consists of one private villa and four poolside suites, offering an intimate resort-style configuration ideally suited for short-term rentals, boutique hospitality, or exclusive event hosting. The private villa features 3 spacious bedrooms and 3 bathrooms, accommodating up to 10 guests, while the four poolside suites — each a well-appointed 1 bedroom/1 bathroom unit — can collectively accommodate up to 24 additional guests.Formerly operated as a successful short-term rental via Airbnb, the property's layout and location offer significant income-generating potential for an owner-operator or investor looking to capitalize on South Beach's thriving tourism market. A new owner will need to reapply for a short-term rental license.Offered as-is, this bank-owned asset with deferred maintenance represents an exceptional opportunity to acquire and reposition a unique hospitality property at a compelling basis in one of the most iconic zip codes in the country. Investors with vision and the ability to execute a value-add strategy will find strong upside in both short-term rental income and long-term asset appreciation.
Features of 1018 Jefferson Avenue
| MLS® # | A11917129 |
|---|---|
| USD | $1,800,000 |
| CAD | $2,485,314 |
| CNY | 元12,073,320 |
| EUR | €1,546,412 |
| GBP | £1,327,684 |
| RUB | ₽153,089,460 |
| Last Listing Price | $2,550,000 |
| Acres | 0.16 |
| Year Built | 1930 |
| Type | Residential |
| Sub-Type | Hotel/Motel |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 1018 Jefferson Avenue |
|---|---|
| Area | 2420 |
| City | Miami Beach |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33139 |
Interior
| # of Stories | 2 |
|---|
Exterior
| Construction | Block |
|---|
Additional Information
| Date Closed | July 30th, 2026 |
|---|---|
| Date Listed | February 13th, 2026 |
| Days on Market | 209 |
| Zoning | 3900 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | Yes |
| Parcel ID | 0242030096880 |
Listing Details
| Office | Dwntwn Realty Advisors LLC |
|---|
