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9950 E Bay Harbor Dr, Bay Harbor Islands FL 33154

Commercial For Sale
$5,200,000

BTC: 81.25000000

ETH: 2,978.23596793

490 days
0 room(s)

Overview

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

Location

Florida • Bay Harbor Islands • 33154 • Commercial • For Sale

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.22 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,597,500
$654K – $4.5M
Confidence Low
List vs. estimate
$3.6M above estimate
List $5,200,000 · +225.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $616K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$40,554
2023
All facts and features

  • Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 13-22-27-001-1840

    • Zoning: 4500

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Income/MultiFamily

  • Utility

    • Cable Connected

    • Other Utilities Available

    • Cable Available

    • Natural Gas Available

    • Other

  • Other financial information

    • Annual tax amount: $40,554

  • Source details

    • MLS ID: A11731172

    Other facts

    • Lot Features: Beach Area / City Location / Near School / 1-2.5 Acres

    • Water Source: Other

    • Lot Size Dimensions: 75x130

    • Subdivision Name: BAY HARBOR ISLAND

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33154
438
median $1.8M
Active
Same city
Bay Harbor Islands
174
median $1.6M
Active
Same type
Commercial
8
median $5.3M
Active
Similar price
$3.6M – $6.8M
36
median $4.6M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Miles Goldstein Real Estate