Income-producing 4-unit STR multifamily with prime redevelopment potential in Bay Harbor Islands, directly across from the prestigious LA MARE project. This property generates steady rental income and is zoned for an 8-unit luxury condominium development.
Situated just minutes from Bal Harbour Shops, pristine beaches, and top-rated schools, this is a rare opportunity for investors or developers looking to maximize value in a high-demand area.
Property Highlights:
? 4-unit short-term rental multifamily – Fully operational & income-generating
? Zoning allows for up to 8 luxury condo residences
? Prime location – Steps from shopping, dining, and top schools
? Strong upside potential – Ideal for investors or boutique developers
Property Details
Price:
$5,200,000
MLS #:
A11731172
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Income/MultiFamily
Subdivision:
BAY HARBOR ISLAND
Neighborhood:
Bay Harbor Island
Listed Date:
Jan 28, 2025
Lot Size:
9,750 sqft / 0.22 acres (approx)
Bay Harbor IslandBay Harbor IslandBay Harbor IslandOther Usage,income (other)
Located in the BAY HARBOR ISLAND subdivision, 9950 E Bay Harbor Dr Bay Harbor Islands FL is a Single Family for sale in Bay Harbor Islands, FL, 33154. It is listed for $5,200,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space.The average price per square foot for Single Family listings in Bay Harbor Islands is $1,033. The average listing price for Single Family in Bay Harbor Islands is $5,037,311.
Courtesy of Miles Goldstein Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Wilk Real Estate LLC include the name of the listing broker. Neither the listing company nor Wilk Real Estate LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Miami, FL. All rights reserved.
