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Apartment Buildings with Redevelopment Potential
For Sale
$25,000,000

1060 98 St, Bay Harbor Islands, FL 33154

Commercial Sale, Bay Harbor Islands, FL

Property SizeContact for details
Lot Size0.77 Acres
Days on Market71

Property Features for 1060 98 St

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Multi Family rental
Parking 33
Parking features Assigned
Directions Collins Ave to 96 st (Kane Concourse) West to W, Bay Harbor Dr.
Subdivision 22
Standard status Active
APN 13-22-27-020-0000
Lot size 0.77 Acres

Taxes and HOA fees

Tax Description BAY HARBOR ISLAND PB 46-5 LOTS 4-5 & 6 BLK 10 1060 CO-OP APTS INC
Legal Description BAY HARBOR ISLAND PB 46-5 LOTS 4-5 & 6 BLK 10 1060 CO-OP APTS INC

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1956
Floors in Building 2
Number of units 30
Building materials Block
Roof type Concrete
Listing Agency: One Sotheby's International Realty
Listed By: Fabian Garcia-Diaz · License #0492073
Added: Jun 30 Changed: Sep 2 Last Checked: Sep 8 at 11:06AM
MLS# A12006082

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.77-acre property includes three income-producing buildings and approximately 33,750 square feet associated with the redevelopment offering. The existing improvements were built in 1956 with block construction, concrete roofing, assigned parking, public water, and public sewer service.

Zoning supports multifamily, rental, condominium, and apartment uses, with a permitted building height of 65ft. The property is located across from a new recreational and dog park in Bay Harbor Islands, providing a redevelopment setting with an existing income-producing component.

Key Highlights

  • 0.77‑acre apartment property in Bay Harbor Islands
  • Three existing income‑producing buildings
  • Zoning supports multifamily, rental, condominium, and apartment uses

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Locksmith Daycare Center Grocery & Convenience Store Tech Support Center Computer & Electronic Repair Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,958
Businesses Nearby

Demographics for 33154, FL

14,792
Population
10,104
Households
1.5
Avg Household Size
46
Median Age
59%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
7,785
Density / Sq Mi
$87,806
Median Household Income
$53,711
Median Earnings
$2,245
Median Rent
$741,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three income-producing buildings with multifamily, rental, condominium, and apartment development options.
Where is this apartment building located?
The property is located at 1060 98 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: 0.77‑acre apartment property in Bay Harbor Islands; Three existing income‑producing buildings; Zoning supports multifamily, rental, condominium, and apartment uses
More about this property
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