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    1485 Bay Rd Miami Beach, FL 33139

    For Sale
    $3,499,000

    Commercial - Miami Beach, FL

    Lot size:
    0.13 Acres
    Days on Market:
    50
    Last Refresh:
    Dec 9 at 5:06 am

    Property Features for 1485 Bay Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    3900
    APN
    02-32-33-016-0190
    Lot size
    0.13 Acres

    Utilities

    Cooling system
    Central Air
    Water source
    Other

    Building Details

    Year built
    1947
    Flooring type
    Concrete
    Building materials
    Block
    Architectural style
    Other

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

    Listing agent Allan Kleer (305) 538-9711 License #0675979

    Listing date Oct 21, 2025

    MLS# A11899562 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

    South Beach Multifamily Investment Opportunity

    This is a rare opportunity to acquire a well-maintained eight-unit multifamily building in a coveted South Beach location. Situated on the corner of Bay Road, directly across from the Flamingo South Beach, the property benefits from exceptional visibility in Miami Beach's dynamic neighborhood. The premier corner parcel benefits from maximum exposure on Bay Road, one of South Beach's most desirable residential corridors. Nearby luxury residential includes the Monad Terrace condominiums and several others. The property is located in Miami Beach, Florida, with a zoning of 3900, and is situated on a lot of 0.1286 acres. The property offers redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.143343
    Latitude
    25.787016

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily building in a prime South Beach corner location.
    Where is this apartment building located?
    The property is located at 1485 Bay Rd Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $3,499,000.
    What are key features of this property?
    This property features: - Prime corner location directly across from Flamingo South Beach.; - Eight total units.; - Redevelopment potential.
    (305) 538-9711
    Request Owner's contact information
    1485 Bay Rd Miami Beach, FL 33139
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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
    1485 Bay Rd Miami Beach, FL 33139
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