For sale

$6,500,000

Est. $48,195/mo —

—

•

— ba

•

14,518

sq ft

807 Alton Rd, Miami Beach, FL 33139

About this home

a 20-unit hospitality asset located along one of Miami Beach’s most dynamic and rapidly transforming commercial corridors. Positioned on Alton Road between 8th and 9th Street, the property offers exceptional visibility, walkability, and demand drivers, making it an ideal opportunity for investors seeking a stabilized cash-flowing short-term rental asset or a flexible hospitality operation with long-term upside. The property features 20 renovated, fully furnished units, each designed with modern interiors, efficient layouts, and guest-friendly amenities including full kitchens or kitchenettes, Wi-Fi, and on-site laundry. Its central location provides immediate access to Whole Foods, Publix, Flamingo Park, South of Fifth, and Miami Beach’s premier retail and dining destinations. With strong year-round occupancy, reliable ADR performance, and proximity to billions of dollars in new development along the Alton Road corridor, 807 Alton Road represents a rare opportunity to acquire a turnkey hospitality property in a high-growth submarket with significant future upside, both operationally and through potential redevelopment.

Multi-familyProperty Type

1945Year Built

$448Price/Sq.Ft.

4 spacesParking

Listed by Arthur Porosoff • Compass Florida, LLC

•305-209-8866 (agent)

•art@porosoff.com (agent)

•305-851-2820 (broker)

•mlsfl@compass.com (broker)

Listing updated: May 12, 2026 at 05:45pm

Redfin checked: 2 minutes ago

•Source:MARMLS #A11929338

Payment calculator

$48,195 per month

Principal and interest$34,160

Property taxes

$7,535

HOA dues

Home insurance

$6,500

Utilities

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This home is unavailable to tour on this day.

Next available date: Monday, September 7

Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

South Pointe Elementary School

Public PreK-5 • Assigned • 0.4mi

9/10

Nautilus Middle School

Public 6-8 • Assigned • 2.6mi

5/10

Miami Beach Senior High School

Public 9-12 • Assigned • 1.5mi

5/10

Provided by GreatSchools

About

Red

Red, located between South Beach and Mid-Beach, is a coastal and urban Miami Beach neighborhood with an oceanfront edge and a low-rise streetscape. The neighborhood’s character concentrates around Lincoln Road and Washington Avenue, where sidewalk cafes, galleries, and late-night dining set a steady, high-energy rhythm. Architectural cues lean Art Deco and Miami Modern, with pastel facades, shaded courtyards, and midcentury lines. The Bass anchors the cultural calendar with contemporary exhibitions and public programs. The Fillmore Miami Beach at the Jackie Gleason Theater brings touring music and comedy into a classic venue. South Pointe Park frames the shoreline with wide paths, lawns, and open-water views.

Provided by Walk Score and Local Logic

Market insights

807 Alton Rd · $6,500,000

DAYS ON MARKET

The average home goes pending in 74 days.

SALE-TO-LIST

Most homes are selling 6% below list price.

LIST PRICE

Median list price in this area is $773,617. (88% lower than this home)

PRICE DROP

16% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bedroom

Dining

Interior features
Tile flooring
Central air conditioning
Central heating

Flooring
Tile

Heating & cooling
Central heating
Central air conditioning

Sale and tax history for 807 Alton Rd

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$90,422 (+1.6%)

$3,758,750 + $1,061,156

$4,819,906

2024

$89,028 (+2.4%)

$3,758,750 + $1,061,156

$4,819,906

2023

$86,921 (+13.2%)

2022

$76,776 (+7.7%)

2021

$71,300 (−2.3%)

$3,758,750 + $1,048,506

$4,807,256

2020

$72,962

2019

$73,033 (+3.1%)

$3,758,750 + $10,000

$3,768,750

2018

$70,868 (−10.4%)

$3,758,750 + $10,000

$3,768,750

2017

$79,054 (−10.1%)

$3,758,750 + $10,000

$3,768,750

2016

$87,925 (+390.3%)

$3,758,750 + $706,409

$4,465,159

2015

$17,933 (+11.9%)

$3,758,750 + $767,778

$4,526,528

2014

$16,020 (+4.6%)

2013

$15,318 (−17.4%)

2012

$18,551 (+4.3%)

$601,800 + $304,433

$906,233

2011

$17,788

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.35 Acres

Year renovated

1982

Finished Sq. Ft.

5,760

Unfinished Sq. Ft.

—

Total Sq. Ft.

5,760

Year built

1945

Style

Multi-Family (5+ Unit)

County

Miami-Dade County

APN

0242030140380

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 2, 2026.

Feb 12, 2024 • Final

Commercial buildings (including condo) - re-roof

Roofing

Nov 2, 2023 • Final

Building process initiation (bpi)

Remove and replace the existing sewer line with a new installation.

Plumbing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.62% chance of being in a wildfire in next 30 years

10/10 Heat Factor

7 days above 101° expected this year, 30 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Miami Beach, FL • 33139

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

72/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

7.6 hrs

4.5 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 807 Alton Rd

$5,830,292

$670K under list price of $6.50M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $3.1M to $16.5M.

SOLD MAY 11, 2026
$5,600,000 Last sold price
5 beds4.5 baths4,352 sq ft
431 W Rivo Alto Dr, Miami Beach, FL 33139
$839/sq ft
21 years older
SOLD MAY 21, 2026
$4,500,000 Last sold price
6 beds6.5 baths4,389 sq ft
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$577/sq ft
19 years older
SOLD JUN 10, 2026
$3,100,000 Last sold price
4 beds4 baths3,462 sq ft
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$447/sq ft
9 years older
SOLD JUN 3, 2026
$16,500,000 Last sold price
5 beds5 baths4,837 sq ft
444 W Rivo Alto Dr, Miami Beach, FL 33139
$2963/sq ft
11 years older
SOLD MAY 14, 2026
$4,750,000 Last sold price
4 beds4.5 baths3,886 sq ft
100 E Dilido Dr, Miami Beach, FL 33139
$774/sq ft
7 years older
SOLD MAR 30, 2026
$5,200,000 Last sold price
4 beds4 baths3,019 sq ft
114 3rd San Marino Ter, Miami Beach, FL 33139
$1274/sq ft
2 years newer

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