$25,000,000
524 Ocean Drive
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $25,000,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 164
This commercial property in ZIP 33139 is listed at $25,000,000. It has been on the market for 164 days.
Estimated monthly payment
$131,386 /mo
Principal and interest only, based on $5,000,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $25,000,000
- Days on Site
- 164 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 22,686 sqft
- Lot Size
- 0.14 Acres
- Year Built
- 1993
- Property Type
- Commercial
- MLS #
- A12113598
- Property Tax
- $120,421 (2025)
- County
- Miami Dade
- Status
- Active
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1993
- Number of Stories
- 5
- Parking
- On Street / Valet
- Lot Size (Acres)
- 0.14
- Total Sq Ft
- 22,686
- Structure Type
- Hotel Motel
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 6503
Interior Features
- Cooling
- Central Air
- Heating
- Electric
- Flooring
- Marble / Other / Slate
Exterior Features
- Construction
- Block
- Roof
- Concrete
- Exterior Features
- Balcony
- Pool Features
- Community
- Patio & Porch
- Balcony
Community & HOA
- Association Amenities
- Beach Access
- Community Features
- Pool
- Security
- Fire Sprinkler System
- Financing Terms
- Cash / Conventional
- MLS Area
- 2420
About the Area
Browse Miami Beach homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami Beach includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami Beach listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 2,449
- Under Contract
- 284
- Median List Price
- $675,000
- Median Sale Price (October)
- $470,000
- Median $/Sq Ft
- $704
- Avg Days on Market
- 181
Frequently Asked Questions
- How do I schedule a tour of 524 Ocean Drive, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 524 Ocean Drive, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 524 Ocean Drive, Miami Beach, FL 33139 still available?
- 524 Ocean Drive, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 164 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 524 Ocean Drive, Miami Beach, FL 33139?
- With 20% down ($5,000,000) on the $25,000,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 524 Ocean Drive, Miami Beach, FL 33139 is about $131,386/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 524 Ocean Drive, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 524 Ocean Drive, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 524 Ocean Drive, Miami Beach, FL 33139?
- Often, yes. The right offer on 524 Ocean Drive, Miami Beach, FL 33139 depends on how it's priced against comparable commercial sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of One Sotheby's International Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 14, 2026.
$25,000,000
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Listed by Susan M Gale, One Sotheby's International Realty
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Recent Sales
Recently sold homes in ZIP 33139
These are the last 6 recorded closings in ZIP 33139, with the price each home actually sold for rather than what it was listed at. They closed at a median of $462 per square foot. The most recent closed on November 13, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
- Photo Coming SoonSold
$268,000
Sold · November 13, 2026
1309 Euclid Avenue 6
1 bed · 1 bath · 700 sqft · $383/sqft
$7,000 under the asking price
Sold$1,500,000
Sold · November 12, 2026
1330 West Avenue PH05
2 bed · 2 bath · 1,581 sqft · $949/sqft
$50,000 under the asking price
Sold$195,000
Sold · November 10, 2026
741 15th Street 12
0 bed · 1 bath · 446 sqft · $437/sqft
$4,000 under the asking price
Sold$217,000
Sold · November 10, 2026
1521 Lenox Avenue 209
0 bed · 1 bath · 470 sqft · $462/sqft
$12,000 under the asking price
- Photo Coming SoonSold
$310,000
Sold · November 10, 2026
1610 Lenox Avenue 516
1 bed · 1 bath · 715 sqft · $434/sqft
$10,000 under the asking price
Sold$370,000
Sold · November 9, 2026
335 Ocean Drive 106
1 bed · 1 bath · 410 sqft · $902/sqft
$9,000 under the asking price
See every recorded sale in ZIP 33139 or find out what your ZIP 33139 home is worth.