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    9950 E Bay Harbor Dr Bay Harbor Islands, FL 33154

    For Sale
    $5,200,000

    Multi Family - Bay Harbor Islands, FL

    Type:Multi Family
    Lot size:
    0.22 Acres
    Days on Market:
    319
    Last Refresh:
    Dec 13 at 7:06 am

    Property Features for 9950 E Bay Harbor Dr

    General Information

    Property type
    Land
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    4500
    APN
    13-22-27-001-1840
    Lot size
    0.22 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Other
    Water source
    Other

    Building Details

    Architectural style
    Other

    Miles Goldstein Real Estate, LLC (305) 336-6959 [email protected]

    Listing agent Alan Eskenazi Bone (305) 336-6959 License #3344686

    Listing date Jan 29, 2025

    MLS# A11731172 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

    Income-Producing Multifamily in Bay Harbor

    This income-producing 4-unit multifamily property is located in Bay Harbor Islands, Florida. It is currently operating as a short-term rental and offers redevelopment potential. The property is situated directly across from the LA MARE project. The zoning allows for the development of up to 8 luxury condominium residences. The location is near Bal Harbour Shops, beaches, and schools. This property is suitable for investors or developers looking to maximize value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    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
    -80.131086
    Latitude
    25.890048

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    FAQs

    What type of property is this?
    Quadplex - Income-generating 4-unit multifamily with redevelopment potential in Bay Harbor Islands.
    Where is this quadplex located?
    The property is located at 9950 E Bay Harbor Dr Bay Harbor Islands, FL.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - Income-producing 4-unit short-term rental multifamily property.; - Zoning allows for development of up to 8 luxury condominium residences.; - Prime location in Bay Harbor Islands, across from LA MARE project.
    (305) 336-6959
    Request Owner's contact information
    9950 E Bay Harbor Dr 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
    9950 E Bay Harbor Dr Bay Harbor Islands, FL 33154
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