Altos Del Mar No 3 Real Estate

Altos Del Mar No 3 Real Estate

Welcome to Altos Del Mar No 3, a prestigious subdivision located in the vibrant city of Miami Beach, Florida. Nestled in the heart of Miami-Dade County, Altos Del Mar No 3 offers a unique blend of luxury living and coastal charm.

This exclusive community is renowned for its upscale homes, stunning architecture, and proximity to the pristine beaches of Miami Beach. Residents of Altos Del Mar No 3 enjoy easy access to world-class dining, shopping, and entertainment options, making it the perfect place to call home for those seeking a sophisticated yet laid-back lifestyle.

With its prime location in one of the most sought-after areas of Florida, Altos Del Mar No 3 provides residents with the best of both worlds – a tranquil retreat from the hustle and bustle of city life, while still being just a short drive away from all the excitement that Miami Beach has to offer.

Whether you're looking to relax on the beach, explore the vibrant art scene, or indulge in the culinary delights of the area, Altos Del Mar No 3 is the ideal place to live, work, and play. Come discover all that this exceptional subdivision has to offer and experience the ultimate in luxury living in Miami Beach.

Newest Listings in Altos Del Mar No 3

$7,999,900
A12019182 MLS
A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1M+ in gross annual revenue with a 5.13% cap rate and $436,287 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for North Beach at this price point. The numbers speak clearly: 50% LTV financing, $113,970 annual cash flow after debt service, a projected 10.79% levered IRR, 2.57x equity multiple, and $7M+ in profit over a 10-year hold. Four exit strategies — redevelop, rebrand, hold, or resell — with no capital restructuring required. Miami Beach's stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesn't offer twice. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.

7830 Abbott Avenue, Miami Beach

Start Your Search