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

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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

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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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Bay Harbor Islands

Ultra Luxury Homes & Condos

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