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:
$4,200,000
MLS #:
A11745188
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
BAY HARBOR ISLAND
Neighborhood:
bayharborisland
Listed Date:
Feb 13, 2025
Year Built:
1952
See this Listing
Schools
Interior
Cooling
Other
Flooring
Other
Heating
Central
Exterior
Architectural Style
Other
Construction Materials
Other
Parking Spots
8
Roof
Other
Financial
HOA Frequency
Monthly
Tax Year
2024
Taxes
$40,554
Map
Community
- Address9950 E Bay Harbor Dr Bay Harbor Islands FL
- SubdivisionBAY HARBOR ISLAND
- CityBay Harbor Islands
- CountyMiami-Dade County
- Zip Code33154
Market Summary
Current real estate data for Multi Family in Bay Harbor Islands as of Mar 06, 2026
2
Multi Family Listed
313
Avg DOM
779
Avg $ / SqFt
$4,000,000
Avg List Price
Property Summary
- Located in the BAY HARBOR ISLAND subdivision, 9950 E Bay Harbor Dr Bay Harbor Islands FL is a Multi Family for sale in Bay Harbor Islands, FL, 33154. It is listed for $4,200,000
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