Bay Harbor Islands, FL Multifamily Homes For Sale

Exceptional development opportunity in bay harbor islands income-producing 4-unit multifamily with 23, 000+ buildable sf currently 8 bedrooms + dens on each unit and 8 bathrooms. Concept design by kobi karp ideally located on 94th street in the heart of bay harbor islands, this 11, 250 sq ft, steps from one of the county’s top-rated k–8 schools, world-class shopping, dining, and pristine beaches. Zoned rm-2, the property offers prime redevelopment potential with approximately 23, 000 buildable square feet, allowing for up to 14 luxury condominium or townhouse residences. The existing structure is a fully operational 4-unit multifamily generating steady income while offering immediate upside for investors and developers.

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