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    1060 98Th St Bay Harbor Islands, FL 33154

    For Sale
    $25,000,000

    Multi Family - Bay Harbor Islands, FL

    Type:Single Family Attached
    Lot size:
    0.77 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 9 at 8:06 pm

    Property Features for 1060 98Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    APN
    13-22-27-020-0000
    Parking
    33
    Parking features
    Assigned
    Lot size
    0.77 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1956
    Number of units
    30
    Building materials
    Block
    Roof type
    Concrete
    Architectural style
    Other

    One Sothebys International Realty (305) 538-9711 [email protected]

    Listing agent Fabian Garcia-Diaz (305) 538-9711 License #0492073

    Listing date Dec 1, 2025

    MLS# A11706527 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bay Harbor Islands Multifamily Opportunity

    This property presents a premier redevelopment opportunity encompassing approximately 33,750 square feet. Zoned for multifamily use, it is suitable for rental properties, condominiums, or apartments. The location is across from a new recreational and dog park. Currently, there are three income-producing buildings on the site, totaling 15,900 square feet. Zoning allows for multifamily or condominium development with a height of up to 65 feet. The property, situated on approximately 0.77 acres, is ideal for a 1031 investor, a medium-sized builder, or an investment portfolio. It is located in Bay Harbor Islands, Florida.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bay Harbor Islands
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.130825
    Latitude
    25.888677

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    FAQs

    What type of property is this?
    Apartment building - Multifamily redevelopment opportunity in Bay Harbor Islands, Florida.
    Where is this apartment building located?
    The property is located at 1060 98Th St Bay Harbor Islands, FL.
    What is the asking price?
    The asking price for this property is $25,000,000.
    What are key features of this property?
    This property features: - Premier redevelopment opportunity with approximately 33,750 SF of land.; - Zoned for multifamily, rental, condominium, or apartments with 65ft height allowance.; - Currently three income-producing buildings totaling 15,900 SqFt.
    (305) 538-9711
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    1060 98Th St Bay Harbor Islands, FL 33154
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    Bay Harbor Islands, FL 33154
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1060 98Th St Bay Harbor Islands, FL 33154
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