Home›821 Espanola Way

Residential in Miami Beach

Rare value-add opportunity on coveted Española Way! This 5-bedroom, 4.5-bath property sits directly across from Flamingo Park, just steps from Lincoln Road and the beach. Currently operating as four separate living spaces, the property includes a main residence with a private backyard, two studio-style spaces generating rental income, and a detached 1-bedroom guest house with a private balcony. Offering a rare opportunity to restore its original single-family character while retaining a separate guest house, or capitalize on its existing income-producing layout. Nestled on a quiet cul-de-sac with minimal traffic and ample street parking. A compelling opportunity to create lasting value in one of South Beach’s most desirable locations.

Property Highlights

Roof

  • Other

View

  • Other

Sewer

  • Public Sewer

Levels

  • Two

Cooling

  • Central Air
  • Other

Heating

  • Other

Flooring

  • Tile

Amenities

  • Other

Appliances

  • Dishwasher
  • Dryer
  • Microwave
  • Refrigerator
  • Washer
  • Other

Possession

  • Close Of Escrow

Room Types

  • Garage Apartment
  • MaidIn-Law Quarters

Dining Area

  • Breakfast Area
  • DiningLiving Room
  • Eat-In Kitchen

WaterSource

  • Other

Pets Allowed

  • Cats OK
  • Dogs OK

Water Source

  • Other

Listing Terms

  • Cash
  • Conventional
  • Other

Structure Type

  • Duplex

Balcony Details

  • Balcony - Open

Other Equipment

  • Other

Pets Allowed YN

  • Yes

Tax Information

  • CityCounty

ExteriorFeatures

  • Balcony
  • Barbecue
  • Outdoor Shower

Unit Description

  • Studio

Exterior Features

  • Barbecue
  • Outdoor Shower

Master BedroomBath

  • Bedroom On Entry Level
  • Master Bdrm - Ground

Special Information

  • Sold As-Is

AssociationAmenities

  • Other

Showing Requirements

  • Appointment Only
  • Call Listing Agent
  • Showing Service

Outdoor Living Spaces

  • Balcony
  • Deck

PatioAndPorchFeatures

  • Deck

Construction Materials

  • CBS

Leasing Permitted Details

  • Okay To Lease

Leasing

  • Okay to lease: Yes

Property Details

Property TypeResidential
StyleSingle Family Residence
Year Built1938
CountyMiami-Dade
SubdivisionESPANOLA VILLAS 1ST ADDN
Living Area2,410 sq ft
Bedrooms5
Baths5
Half Baths1
Annual Tax$20,352 (2025)
Special AssessmentNo
Pets AllowedCats OK, Dogs OK, Yes
Listing OfficeMajestic Properties LLC
Listing AgentSilvana Carvalho
Office Phone305-988-2269

821 Espanola Way, Miami Beach, FL 33139