Multifamily in Miami Beach, FL 33141Oceanside Isle Of Normandy, 7124 Bay Dr
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OFF MARKET
4,732
SqFtStatus
OFF MARKETExpired
Size
4,732 SqFt (440 m2)
Price
$452/SqFt ($4,868/m2)
Type
Multifamily
Built
1940
MLS Number
A11922740
On Site
250 Days
Updated
34 Days ago
Page Views
0
Exceptional Turnkey Investment Opportunity in Miami Beach Fully leased 8-unit multifamily property offering strong income and long-term upside. The building comprises 4 studios and 4 1BD/1BA units, all well-maintained. Property highlights include: impact windows throughout, split A/C units in every apartment, full kitchens and updated bathrooms, and upgraded electrical and plumbing systems. Succesffully Completed 40-years certification. The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods. Highly desirable Normandy Isles neighborhood, minutes to the beach, public transportation, shops, restaurants, and major Miami destinations. High rental demand and low vacancy area.The neighborhood is transitioning from a somewhat quiet into a vibrant, upscale, and highly desirable upcoming luxury community
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: SecurityHighImpactDoors, Patio
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CeilingFans
Building and Construction
- Floor Description: Hardwood, Other, Tile, Wood
- Year Built: 1940
- Year Built Description: Effective Year Built
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2026-01-07T12:50:49.000-00:00
Taxes, Fees & More
- Taxes: 28380
Apples-to-Apples Comparables
Price History
Current
$2.1M
High
$2.4M
Low
$2.1M
Total Change
-10.5%Date
Event
Price
Change
Price Per
04/13/2026
Price Reduced
$2.1M
0%$452 ft2
$4,868 m2
04/13/2026
Price Reduced
$2.1M
-2.28%$452 ft2
$4,868 m2
03/19/2026
Price Reduced
$2.2M
-4.37%$463 ft2
$4,982 m2
02/04/2026
Price Reduced
$2.3M
-4.18%$484 ft2
$5,209 m2
12/01/2025
Listed
$2.4M
 $505 ft2
$5,437 m2
04/13/2026
$2.1M
Event
Price Reduced
Change
0%Price Per
$452 ft2
$4,868 m2
04/13/2026
$2.1M
Event
Price Reduced
Change
-2.28%Price Per
$452 ft2
$4,868 m2
03/19/2026
$2.2M
Event
Price Reduced
Change
-4.37%Price Per
$463 ft2
$4,982 m2
02/04/2026
$2.3M
Event
Price Reduced
Change
-4.18%Price Per
$484 ft2
$5,209 m2
12/01/2025
$2.4M
Event
Listed
Price Per
$505 ft2
$5,437 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Brigitte Lina • One Sotheby's International Realty • Buyer Agency Compensation .
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Scores
90
100
46
100
68
100
79
100
0
100
28
100
1
100
Community Snapshot
4 – 5 BR
Bedrooms
$950K – $12M
Price Tier
750 - 6,120
SqFt Range
1949
Year Build
1
Total Floors
Subdivision Amenities
Laundry
Maintenance
Pool
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