334 Ocean Drive in Miami Beach. Photo: Google

Address: 334 Ocean Drive in Miami Beach

Property type: This is a 7,631-square-foot, one-story building with a primary land use as a hotel but a primary zoning as multifamily, according to the Miami-Dade County Property Appraiser’s office. The 28-unit building was constructed in 1941 on a 5,750-square-foot lot.

Price: $6,900,000

Price per unit: $246,428

Seller: Hilma LLC

Buyer: Villa Cuatro LLC

Past sale: $2,500,000 in May 2011