Exceptional Redevelopment Opportunity in Bay Harbor IslandsIncome-producing 6-unit multifamily property in the heart of Bay Harbor Islands, offering rare upside in one of South Florida's most sought-after enclaves. Fully leased with five units on month-to-month tenancies and one annual lease - generating immediate cash flow while preserving flexibility for future plans.Zoned to accommodate up to 8 luxury condominium residences, this property presents a turnkey opportunity for investors and developers to capitalize on strong demand in a supply-constrained market. Hold for income, build to suit, or develop the next premier boutique condominium address.Ideally situated just minutes from Bal Harbour Shops, world-class beaches, fine dining, and top-rated schools. A prime location with significant long-term value in a highly desirable coastal community.
| MLS # | A11996407 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 156 |
| Listing Provided By | The Corcoran Group | Adam Jay Ziefer |
| SQ Feet | 8,410 |
|---|---|
| Units | 6 |
| Zoning | 4500 |
| Acreage | 0.24 |
| Parking Features | Assigned |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Bay Harbor Islands |
| Zip Code | 33154 |
| Area | 2220 |
| Listing VS Median (in 33154) | |
Price: $3,999,000 low | high Med: $369,000 sqft: 8,410 low | high Med: 810 $ / sqft: $476 low | high Med: $456 On site: 156 low | high Med: 366 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Bay Harbor Islands |
| Zip Code | 33154 |
| Area | 2220 |
| Listing VS Median (in 33154) | |
Price: $3,999,000 low | high Med: $369,000 sqft: 8,410 low | high Med: 810 $ / sqft: $476 low | high Med: $456 On site: 156 low | high Med: 366 | |