Multifamily Redevelopment Land
For Sale
$25,000,000
1060 98 St, Bay Harbor Islands, FL 33154
LAND - Bay Harbor Islands, FL
Property Size33,750 SF
Lot Size0.77 Acres
Price / SF$740.74
Days on Market95
Property Features for 1060 98 St
General Information
Property type
Land
Property subtype
Other
Zoning description
Multi Family rental
Subdivision
BAY HARBOR ISLANDS, FLORID
Lot features
<1 Acre
Directions
Collins Ave to 96 st (Kane Concourse) West to W, Bay Harbor Dr.
Standard status
Active
APN
13-22-27-020-0000
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2023
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
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
One Sotheby's International Realty
(305) 538-9711
Listed By:
Fabian Garcia-Diaz · License #0492073
(305) 785-8013
Added: May 15
Changed: Jun 30
Last Checked: Aug 17 at 12:06AM
MLS# A11707280
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 redevelopment land parcel totals approximately 0.77 acres and is positioned as a multifamily and condominium site with an estimated 33,750 SF. The property is currently improved with three income-producing buildings. Zoning supports multifamily use, including rental apartments and condominium development.
The parcel is located across from a new recreational and dog park. Zoning also provides for multifamily and condo development with an approximate 65-foot height allowance, supporting medium-density redevelopment planning.
The existing buildings and multifamily-ready zoning make the site practical for investors seeking a redevelopment strategy and for builders evaluating condominium or apartment development under the stated height parameters. The combination of current income generation and clear zoning direction can help streamline early planning for qualified multifamily, rental, or condo operators and 1031 exchange buyers.
The parcel is located across from a new recreational and dog park. Zoning also provides for multifamily and condo development with an approximate 65-foot height allowance, supporting medium-density redevelopment planning.
The existing buildings and multifamily-ready zoning make the site practical for investors seeking a redevelopment strategy and for builders evaluating condominium or apartment development under the stated height parameters. The combination of current income generation and clear zoning direction can help streamline early planning for qualified multifamily, rental, or condo operators and 1031 exchange buyers.
Key Highlights
- Approx 33,750 SF redevelopment property with multifamily‑focused zoning
- Zoned for multifamily, rental, condominium, or apartments (65 ft height allowed)
- Currently features three income‑producing buildings
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Redevelopment site with existing income-producing buildings and multifamily condo zoning, including up to 65-foot height.
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: Approx 33,750 SF redevelopment property with multifamily‑focused zoning; Zoned for multifamily, rental, condominium, or apartments (65 ft height allowed); Currently features three income‑producing buildings
