927 JEFFERSON SUITES - LoopNet · Next came the Art Deco era of the 1930s and 1940s, when many of...

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927 JEFFERSON SUITES A Unique Luxury Property in the Heart of South Beach

Transcript of 927 JEFFERSON SUITES - LoopNet · Next came the Art Deco era of the 1930s and 1940s, when many of...

Page 1: 927 JEFFERSON SUITES - LoopNet · Next came the Art Deco era of the 1930s and 1940s, when many of South BeachÕs most architecturally signiÞcant hotels, municipal buildings and other

927 JEFFERSON SUITESA Unique Luxury Property in the Heart of South Beach

Page 2: 927 JEFFERSON SUITES - LoopNet · Next came the Art Deco era of the 1930s and 1940s, when many of South BeachÕs most architecturally signiÞcant hotels, municipal buildings and other

Named the 8th Hottest Hotel in 2016 in Miami Beach by Curbed MiamiTOP RATED

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INDEX

➤ Introduction

➤ History

➤ Location and Surroundings

➤ Floor Plans

➤ Exterior Photographs

➤ Interior Photographs

➤ Cap rate

➤ Coding

➤ South Beach at Walking Distance

➤ Additional Information

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INTRODUCTION

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VINTAGE MEETS MODERN

➤ Built in 1921, 927 Jefferson is the oldest

standing hotel in South Beach. An

expansive revamping project in 2013

brought to this historical building all the

luxury and amenities of a world class

property.

➤ Tropical lush gardens, modern amenities,

and unparalleled style make 927 Jefferson

one of the most sought after short term

rental properties in South Beach,

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HISTORYhttps://www.youtube.com/watch?v=N8tOjalGnkk

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1910-1920

➤ The Lummus brothers’ Ocean Beach Realty

Company platted the Miami Beach Ocean

Beach Addition 3 subdivision in February

1914, before Miami Beach had even become

a town. In 1916, with the Lummuses in

financial straits, developer Carl G. Fisher

and his colleagues formed the Miami Ocean

View Company and took over much of the

Lummus property between 5th and 11th

Streets. The new company filled in much of

the land, put in water mains and sewers,

paved the streets, planted trees, and built

several houses on its mostly-vacant land to

promote the sale of lots.

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1920-1930

➤ The Villa was built circa 1920 on Lot 12 of Block

70 in the Ocean Beach Addition 3 subdivision and

completed by 1921 as a single-family residence.

The first deed record for Lot 12 is dated

December 21, 1921, when the Miami Ocean View

Company sold it to Peter J. McCormick of Suffolk

County, Massachusetts. A week before the sale, a

notice had appeared in the Miami Herald that,

“Mrs. Peter McCormick of Boston has opened up

her beautiful home at 915 (927) Jefferson Avenue.

➤ Peter and Mabel McCormick apparently spent

only one winter in the subject house on Lot 12.

On March 14, 1922, they sold it to Arthur G.

Norris and his wife Eda from Chicago. Mr. Norris

was a 36-year-old stock broker who had emigrated

from Canada as a child.

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1930-1940

➤ The Villa had survived the devastation of the The

1926 Miami hurricane, commonly called the

"Great Miami" hurricane, a large and intense

tropical cyclone that devastated the Greater Miami

area and caused extensive damage in the Bahamas

and the U.S. Gulf Coast in September 1926.

➤ Next came the Art Deco era of the 1930s and

1940s, when many of South Beach’s most

architecturally significant hotels, municipal

buildings and other structures were completed.

While tourism slowed during the World War II

years, many aviators and other military personnel

trained in South Florida, getting their first taste of

life in the sun. 927 Jefferson suites used to host

Troops. As a result, the region’s population began

growing in the late 1940s – the start of a boom

that lasted for decades.

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1940-1960

➤ The 1947 directory first identifies it as

Sytten’s Guest House, operated by Harry

and Dora Sytten.

➤ From 1955 to 1959 it was the Chicago

Guest House, advertising “furnished

rooms,” run by Bessie Smith. In

➤ 1960 it was Min’s Guest House, run by

Mrs. Minnie Samuels, and in 1964, Sacks’

Guest House, run by Samuel Sacks.

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1960-PRESENT

➤ the house remains today as a

Contributing building in the National

Register and Flamingo Park Historic

Districts.

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LOCATION AND

SURROUNDINGS

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FLAMINGO PARK HISTORICAL DISTRICT

➤ The Flamingo Park Historic District was designated in 1990. In 1992,

Lincoln Road between Lenox Avenue and the centerline of Collins

Avenue was added to this district. A small expansion area along Alton

Road was added to this district in 2008.

➤ The basic form and layout of the district was established during the

early platting of property between 1912 and 1916. The majority of the

buildings within the district were not constructed until after the land

bust of 1926 and the depression of 1929. This second major period of

construction lasted from 1930 through World War II up to 1948-49.

➤ Architectural design followed the public's fascination with machinery,

and the simplified form and ornamentation were well suited to the

new economic and social conditions in Miami Beach. Smaller

buildings, catering to the more modest means of middle-class visitors

arid seasonal residents were constructed rapidly in great numbers to

meet the increasing population of Miami Beach. This is the primary

reason for the consistency of ·buildings in the· expanded district. Of

the 632 historic buildings remaining in the expanded district, 530

(84%) were constructed between 1930 and 1949. A small group of

architects (Anis, Dixon, Hohauser, Brown, Robertson, Schoppel,

Pfeiffer, Ellis, France, Hall, ·Pancoast and Henderson) designed the

majority of the historic buildings remaining within the expanded

district.

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15 Minutes From/To the Airport

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FLOOR PLANS

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#5

927JeffersonLuxurySouthBeach#1

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927JeffersonLuxurySouthBeach#2

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EXTERIOR

PHOTOGRAPHS

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INTERIOR

PHOTOGRAPHS

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Jefferson One

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Jefferson One

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Jefferson One

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Jefferson One

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Jefferson Two

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Jefferson Two

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Jefferson Two

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Jefferson Two

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Jefferson Three

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Jefferson Three

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Jefferson Four

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Jefferson Four

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Jefferson Four

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Jefferson Five

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Four Parking Spaces

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CAP RATE

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CODING

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SOUTH BEACH AT

WALKING

DISTANCE

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ADDITIONAL

INFORMATION

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➤ http://miami.curbed.com/maps/mapping-the-10-hottest-hotels-in-miami-beach

➤ http://www.eccentricrich.com/927-jefferson-suites-miami-beach/

➤ http://www.gecce.miami/places/10-hottest-hotels-in-miami-beach/