524 Ocean Drive, Miami Beach, FL 33139 (MLS# A12113598)

524 Ocean Drive, Miami Beach, FL 33139

$25,000,000

Multi-story building featuring structural balconies, glass-paneled railings, flat roof architecture, and ground-level storefronts

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12113598

Outdoor terrace featuring a concrete patio, wall-mounted exterior lighting, and integrated booth seating

Exterior facade featuring Art Deco architectural detailing, a branded canopy structure, and a street-level terrace

Polished concrete flooring, contemporary crystal chandelier, and neutral wall surfaces

Rooftop terrace featuring an in-ground swimming pool, glass paneled railings, and expansive coastal scenery

Aerial perspective of mid-rise property featuring a rooftop terrace with pool and multi-level balconies

Large-format windows, sliding glass door with access to a balcony, light-toned stone-finish tile flooring, and a flush-mount ceiling light fixture

Wood-finish flooring, floor-to-ceiling windows, flush-mount ceiling lighting, and a glass-paneled door leading to an exterior balcony

Tray ceiling with recessed lighting, polished stone flooring, and a multi-toned wood door with glass inserts

Kitchen featuring wooden cabinetry, dark countertops, and stainless steel refrigerator

Rooftop swimming pool featuring a concrete deck, metal handrails, and a glass safety partition

Curved wet bar featuring a stone-faced front, integrated shelving, mirror back-splash, overhead stemware rack, and recessed lighting

Property Type: Commercial Sale Square Footage: 22,686 Status: Active

Current Price: $25,000,000 List Date: 5/20/2026 Last Modified: 10/29/2026

Overview

Description

OCEAN DRIVE ALL-SUITES HOTEL WITH ROOFTOP SWIMMING POOLModern 22-suite oceanfront hotel with a restaurant and bar in an iconic beachfront location, which attracts millions of visitors each year. Built in 1993, The Fritz Hotel offers 15 one and two-bedroom suites – all with kitchenettes and some with balconies, as well as 7 studios. The hotel boasts a rooftop swimming pool and sun deck overlooking Lummus Park and endless ocean views. The property is offered fee simple.

Listing Details MLS# A12113598

General Property Information

Number Of Buildings: Yes
Property Sub Type: Hotel/Motel
Number Of Units Total: Yes
Price Per Unit: 1136363
Occupant Type: Call Listing Agent
Building Area Main: 22686
Year Built: 1993
Lot Size Area: 6018
Lot Size Acres: 0.14
Stories Total: 5

Property Features

Building Features: Balconies; Elevator(s); Lobby; Lounge; Pool; Restaurant Flooring: Marble; Slate; Other Heating: Electric Location of Property: Beach Access Parking Features: On Street; Valet Possession: Negotiable Sale Includes: Furniture Construction Materials: Block Cooling: Central Building Listing Terms: Cash; Conventional Roof: Concrete Security Features: Fire Sprinkler System Sewer: Public Sewer Structure Type: Hotel/Motel Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Contract Information

Comp Sale YN: No
Original List Price: 25000000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 524
Street Name: Ocean
Street Suffix: Drive
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 6616
Area: 2420
Parcel Number: 0242030020050
Subdivision Number: 2
Zoning: 6503
Flood Zone: AE

Financial Information

Tax Annual Amount: 120421
Tax Year: 2025
Tax Legal Description: FRIEDMAN & COPES SUB PB 4-83 BEG 1.38FTNE OF NE COR LOT 3 W 133.5FT SW50FT E133.49FT NE50 FT TO POB LESS ELY15FT BLK 2 LOT SIZE 51.000 X 118

Status Change Information

Major Change Timestamp: 2026-05-20T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-29

More Information

Description of Unit Type 1

Unit Type: Hotel Room(s)
Units Total: 22

Price Calculations

Current Price To SqFt: 1102

Section Details

Parcel Number MLX: 0050

Originating Details

Originating System Key: 568706557
Originating System ID: M00000151

Listing Office: One Sotheby's International Realty

Last Updated: October - 29 - 2026

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