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Rare opportunity to acquire a boutique 7-unit multifamily property a short walk from the beach in Hollywood's desirable North Beach neighborhood. Currently operating as a short-term rental portfolio with city and state licenses in place, this property offers exceptional flexibility — continue the turnkey hospitality operation, convert to long-term rentals, or pursue future redevelopment. Property Features: 7 units, all 1-bedroom/1-bathroom layouts, all rehabbed in 2023 with NEW ROOF. One-story building with on-site parking on 6,291 SF lot (0.15 acres). . Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify). Prime Location — a short walk to Hollywood Beach, the Broadwalk, the Intracoastal Waterway, plus restaurants, cafes, shopping, and entertainment. Investment Highlights: priced at land value; rental income is buyer upside. Operating short-term rental business with licenses in place. Ideal for boutique hospitality, vacation rentals (subject to local regulations), or a long-term multifamily hold. Redevelopment potential under current zoning — strong potential for 3 townhomes (buyer to verify with the city). The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. Buyer to verify all information.
Listed by Damira Liberman, Pink Miami Real Estate

Property Details of 318 Walnut Street

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on October 7, 2026

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