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Bay Harbor Island

$5,200,000

9950 E Bay Harbor Dr, Bay Harbor Islands, FL 33154

Active
Last Updated: 02/17/2025

113,316

NOI

1952

Year Built

Details:
NOI:    $113,316
Year Built:    1952
Floors:    2
Parking Spots:    8
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: None
  • Architectural Style: Other
  • Cooling: Other
  • Heating: Central
  • Flooring: Other
  • Construction Materials: Other
Description:

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

Map:
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