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    1060 98Th St Bay Harbor Islands, FL 33154

    New
    For Sale
    $25,000,000

    Residential - Bay Harbor Islands, FL

    Lot size:
    0.77 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 6 at 8:06 pm

    Property Features for 1060 98Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi Family rental
    APN
    13-22-27-020-0000
    Lot size
    0.77 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    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# A11707280 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 Redevelopment Opportunity

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

    Current Use by Public Records

    Commercial land

    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?
    Commercial land - Multifamily redevelopment opportunity in Bay Harbor Islands, Florida.
    Where is this commercial land 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 offering approximately 33,750 SF.; - Zoned for multifamily, rental, condominium, or apartments, offering versatile development options.; - Zoning allows for 65ft height buildings.
    (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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