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Status:
Active
Size: 0.22 Acres (906 m2)
Price: $23,636,364/Acre ($5,741/m2)
Type: Land
MLS Number: A11731172
On Site: 432 Days
Updated: 70 Days ago
Page Views: 0
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
Features
All features
- Current Use: Other
- Property SqFt: 9750
- Remarks: 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
- Internet Remarks: 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
- Waterfront: No info
- Days on Market: 363
- Compass Point: E
- Office Name: Miles Goldstein Real Estate
- Area: 9750
- Taxes: 40554
- Tax Year: 2023
- Listing Date: 2025-01-29T08:21:36.000-00:00
- Lot Size Square Feet: 9750
Apples-to-Apples Comparables
THINKING OF SELLING
IN Bay Harbor Islands Residential at Bay Harbor Islands?
IN Bay Harbor Islands Residential at Bay Harbor Islands?
Position your home correctly from day one with a data-backed
pricing strategy and targeted marketing plan
pricing strategy and targeted marketing plan
Price History
01/23/2025
Date
Listed
Event
$5.2M
Price
$533 ft2 / $5,741 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Alan Eskenazi Bone • Miles Goldstein Real Estate • Buyer Agency Compensation .
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