THE CARMELA

Property Description

ONE Sotheby's is pleased to offer for sale 4025 Indian Creek Drive, known as The Carmela, a 19-unit condo on Miami Beach. This building is a unique property based in one of Miami Beach's most popular areas. The property offers twelve 1/1 units, four 2/1 units, and three 2/2 units in the heart of Miami Beach, and is currently operating as a Short-Term Rental facility with a hotel license in place which is transferable with the sale. Zoning permits single-family detached, townhomes, apartments, hotels, offices, parking garages, commercial businesses, and more. The units in this property's monthly rent is $5,923, making this building a high-income establishment. The submarket of Miami Beach is a wealthy coastal area located in the middle of Miami Beach.