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. Si

9950 EAST BAY HARBOR DR, Bay Harbor Islands

$5,200,000 USD
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Address9950 EAST BAY HARBOR DR, Bay Harbor Islands
Building NameBAY HARBOR ISLAND
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$5,200,000
Property StatusActive
MLS NumberA11745188
Year Built1952
Parking Space Number8
Folio Number13-22-27-001-1840
Net Operating Income$113,316
Zoning Information4500
Days on Market136

Detailed Description: 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 and 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

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Address Information
StateFlorida
CityBay Harbor Islands
CountyMiami-Dade County
Zip Code33154
Address9950 EAST BAY HARBOR DR
Section27
Zip Code (4 Digits)1538
Financial Information
Price$5,200,000
Price per Foot$0
Folio Number13-22-27-001-1840
Net Operating Income$113,316
Association Fee PaidMonthly
Tax Amount$40,554
Tax Year2024
Possession InformationFunding
Full Descriptions
Detailed DescriptionIncome-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 and 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
Roof DescriptionOther
Floor DescriptionOther
Cooling DescriptionOther
Heating DescriptionCentral
Water DescriptionOther
Sewer DescriptionOther
Property parameters
Zoning Information4500
Year Built1952
Type of PropertyQuadruplex
StyleQuadruplex
Building NameBAY HARBOR ISLAND
Development NameBAY HARBOR ISLAND
Construction TypeOther
Stories Number2.000
Street DirectionEast
Parking Space Number8
Listed withMiles Goldstein Real Estate