North Beach Multifamily Development
For Sale
$2,600,000
Pending
8430 Byron Avenue, Miami Beach, FL 33141
Five-unit multifamily property with development potential in North Beach.
Property Size4,479 SF
Days on Market607
Property Features for 8430 Byron Avenue
General Information
Standard status
Pending
Size
4,479 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$19,790
Building Details
Year Built
1951
Listing Agency:
Lang Realty/BR
(561) 447-0666
Listed By:
Kim M Spielvogel · License #3091028
(561) 251-0989
Source:
Exitrealty
Added: Feb 28, 2025
Changed: Oct 25
Last Checked: Jul 15 at 10:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lang Realty/BR
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Investment Insights
Based on property information with market context.
This five-unit multifamily property in North Beach offers development potential. It can be developed into 12-15 units and includes 500 square feet of dock space with 121 feet of wide water views. The roof was replaced in 2020, and the 40-year certification was completed in 2019. The property is currently tenant-occupied, providing stable income while awaiting city approval. It can also be used as an investment property. Unit 1 features two bedrooms with water views, while Unit 5 is a two-story, two-bedroom townhouse with high ceilings and a large rooftop patio overlooking the water. There are also two one-bedroom units and a studio. The property is located steps from the beach, Ocean Side Park, and Skate Park, and within walking distance of restaurants and shops. It is 1.5 miles from Bal Harbour and half a mile from the Four Seasons Surfside.
Key Highlights
- Development potential: Multi‑family property can be developed into 12‑15 units.
- Prime waterfront location: 121 ft of wide water views with 500 sq ft dock space.**
- Recent upgrades: 2020 Roof and 2019 40‑year Certification.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
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Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property with development potential in North Beach.
Where is this apartment building located?
The property is located at 8430 Byron Avenue Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Development potential: Multi‑family property can be developed into 12‑15 units.; Prime waterfront location: 121 ft of wide water views with 500 sq ft dock space.**; Recent upgrades: 2020 Roof and 2019 40‑year Certification.
