Multifamily Redevelopment
1060 98 St Bay Harbor Islands, FL 33154
For Sale
$25,000,000
MULTI_FAMILY - Bay Harbor Islands, FL
Property Size33,750 SF
Lot Size0.77 Acres
Price / SF$740.74
Days on Market77
Property Features for 1060 98 St
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
33
Parking features
Assigned
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
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
(305) 538-9711
Listed By:
Fabian Garcia-Diaz · License #0492073
(305) 785-8013
Added: May 15
Changed: Jun 30
Last Checked: Jul 30 at 2:06AM
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 redevelopment-focused multifamily property totals approximately 33,750 square feet and currently includes three income-producing buildings. The site is positioned for a mix of residential uses, with zoning that allows multifamily rental, condominium, or apartment development. Zoning also contemplates building heights up to 65 feet, offering flexibility for a medium-scale residential redevelopment plan.
The property is located at 1060 98 St in Bay Harbor Islands, Miami-Dade County. It is described as being across from a new recreational and dog park, providing a nearby public amenity context for future residents.
For qualified investors, the combination of existing income-producing buildings and multifamily/condo zoning makes the asset suitable for adaptive redevelopment strategies. Developers and builders considering residential projects may find the height allowance and permitted use options particularly relevant when planning unit mix and building format. The property is also presented as a fit for 1031 exchange activity, based on the current offering and intended redevelopment use.
The property is located at 1060 98 St in Bay Harbor Islands, Miami-Dade County. It is described as being across from a new recreational and dog park, providing a nearby public amenity context for future residents.
For qualified investors, the combination of existing income-producing buildings and multifamily/condo zoning makes the asset suitable for adaptive redevelopment strategies. Developers and builders considering residential projects may find the height allowance and permitted use options particularly relevant when planning unit mix and building format. The property is also presented as a fit for 1031 exchange activity, based on the current offering and intended redevelopment use.
Key Highlights
- Approx 33,750 SF redevelopment opportunity with zoning allowing multifamily, condo, or apartments
- Zoned for multifamily with 65‑ft height allowance
- Currently features three income‑producing buildings
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Zoned for multifamily and condos, this site supports redevelopment of three existing income-producing buildings.
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 opportunity with zoning allowing multifamily, condo, or apartments; Zoned for multifamily with 65‑ft height allowance; Currently features three income‑producing buildings
