UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,410 sqft
Price per Sqft $535
MLS Listing ID A11996407
HOA Y/N No
Year Built 1957
Lot Size 10,425 Sqft
Property Sub-Type Multi Family
Property Description
Income-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.
Location
State FL
County Miami-dade
Area 22
Interior
Heating Central
Cooling Central Air
Exterior
Total Parking Spaces 12
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 13-22-27-001-1710
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11996407
Nearby Locations
"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."