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

$4,200,000 USD
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      Address9950 EAST BAY HARBOR DR, Bay Harbor Islands
      Building NameBAY HARBOR ISLAND
      Type of PropertyQuadruplex
      Property StyleQuadruplex
      Price$4,200,000
      Previous Price$4,600,000 (16 days ago)
      Property StatusActive
      MLS NumberA11745188
      Year Built1952
      Parking Space Number8
      Folio Number13-22-27-001-1840
      Net Operating Income$113,316
      Zoning Information4500
      Days on Market294

      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$4,200,000
      Price per Foot$0
      Previous Price$4,600,000
      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