Income-Producing Multifamily in Bay
For Sale
$5,200,000
9950 E Bay Harbor Drive, Bay Harbor Islands, FL 33154
Income-generating 4-unit multifamily with redevelopment potential in prime location.
Property SizeContact for details
Days on Market174
Property Features for 9950 E Bay Harbor Drive
General Information
Standard status
Active
Property subtype
Land
Zoning
4500
Net Operating Income
$113,316
Taxes and HOA fees
Annual Taxes
$40,554
Listing Agency:
Miles Goldstein Real Estate
(786) 493-7772
Listed By:
Alan Eskenazi Bone · License #3344686
(786) 493-7772
Source:
Laerrealty
Added: Mar 10
Changed: Aug 25
Last Checked: Aug 29 at 6:19AM
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 Miles Goldstein Real Estate
Investment Insights
Based on property information with market context.
This income-producing, 4-unit multifamily property is suitable for short-term rentals and offers redevelopment potential in Bay Harbor Islands, directly across from the LA MARE project. The property generates rental income and is zoned for an 8-unit luxury condominium development. The location is near Bal Harbour Shops, beaches, and schools. This property is suitable for investors or developers looking to maximize value in a high-demand area.
Key Highlights
- Income‑producing 4‑unit short‑term rental (STR) multifamily property.
- Zoned for an 8‑unit luxury condominium development.
- Prime location in Bay Harbor Islands, across from LA MARE project.
Property Analytics
Property Profile
Current Use
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?
Quadplex - Income-generating 4-unit multifamily with redevelopment potential in prime location.
Where is this quadplex located?
The property is located at 9950 E Bay Harbor Drive 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 (STR) multifamily property.; Zoned for an 8‑unit luxury condominium development.; Prime location in Bay Harbor Islands, across from LA MARE project.
