1685 Jefferson Ave, Miami Beach FL 33139
$5,000,000
Est. Payment $26,612/mo
1956
Year Built
2
Stories
138
Days on Market
Description
This versatile 20-unit property presents a rare opportunity for apartment, hotel, short-term rental, and food and beverage uses in South Beach’s high-intensity CD-3 Zoning District. Built in 1956, the 8,185-square-foot building includes 18 studios and 2 one-bedroom units on a 7,500-square-foot lot. Positioned between Lincoln Road Mall—featuring 200 retailers, restaurants, and art galleries—and the Miami Beach Convention Center, this site provides unmatched access to dining, shopping, and cultural landmarks. Mostly vacant, with some renovations completed, it’s ready for a new owner’s vision. CD-3 zoning supports varied commercial uses with a density cap of 100 units/acre, FAR of 2.25, and a height allowance up to 75 feet.
Facts
- MLS#
- A11686110
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Mixed Use
- Year Built
- 1956
- Lot Size
- 7,500 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 138 days
- Listed
- Oct 31, 2024
- Last Updated
- Jun 23, 2026
- Price/Lot Sq.Ft.
- $667/ft²
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Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
37
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 6/23/2026 | Sold | $5,000,000 |
| 10/31/2024 | Listed for sale | $5,000,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
South Pointe Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.4 mi
- Landow Yeshiva Center
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.0 mi
- Klurman Mesivta High School
7,8,9,10,11 · private · 1.0 mi
- Fisher Island Day School
PK,KG,1,2,3,4,5,6,7,8 · private · 1.0 mi
- Fienberg/Fisher K-8 Center
PK,KG,1,2,3,4,5,6,7,8 · public · 1.1 mi
- Miami Beach Adult & Community Ed Center
UG · public · 1.1 mi
- Temple Beth Shmuel Montessori
PK,KG · private · 1.6 mi
- Miami Beach Senior High School
9,10,11,12 · public · 2.0 mi
- Rasg Hebrew Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 2.1 mi
- Rabi Alexander S Gross Hebrew
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 2.1 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$30,929/mo
Principal & Interest
$26,612
Property Tax
$4,167
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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