South Beach Residential Income
For Sale
$3,499,000
1485 Bay Rd, Miami Beach, FL 33139
Corner lot with redevelopment potential in a desirable location.
Property Size5,600 SF
Days on Market319
Property Features for 1485 Bay Rd
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Flex Space
Taxes and HOA fees
Annual Taxes
$31,402
Building Details
Building Size
5,600 SF
Year Built
1947
Listing Agency:
One Sotheby's International Realty
Listed By:
Allan Kleer · License #0675979
(305) 538-9711
Source:
Miamibrokersgroup
Added: Oct 21, 2025
Changed: Aug 23
Last Checked: Sep 2 at 2:16AM
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 One Sotheby's International Realty
Investment Insights
Based on property information with market context.
This corner parcel is located on Bay Road, a residential corridor in South Beach, directly across from the Flamingo South Beach. The property features eight residential units, providing income potential. The building is well-maintained with a strong operational history. The corner location maximizes light, views, and architectural possibilities. The property offers a redevelopment opportunity in a high-demand market. Next door developments include ultra-luxury townhomes and condos.
Key Highlights
- Premier corner location on desirable Bay Road, directly across from Flamingo South Beach.
- Eight residential units providing immediate income potential.
- Exceptional redevelopment opportunity in a high‑demand South Beach market.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Corner lot with redevelopment potential in a desirable 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: Premier corner location on desirable Bay Road, directly across from Flamingo South Beach.; Eight residential units providing immediate income potential.; Exceptional redevelopment opportunity in a high‑demand South Beach market.
