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Exceptional Redevelopment Opportunity in Bay Harbor Islands Income producing 6 unit multifamily property in the heart of Bay Harbor Islands, offering rare upside in one of South Florida's most sought ...

Bay Harbor Islands, FL 33154

Listing

Web ID:5397686
Website:https://www.nestseekers.com/5397686

Property

Ownership: For Sale
Type: Unknown

Financials

Price:$4,200,000

Description

Exceptional Redevelopment Opportunity in Bay Harbor Islands Income-producing 6-unit multifamily property in the heart of Bay Harbor Islands, offering rare upside in one of South Florida's most sought-after enclaves. Fully leased with five units on month-to-month tenancies and one annual lease — generating immediate cash flow while preserving flexibility for future plans. Zoned to accommodate up to 8 luxury condominium residences, this property presents a turnkey opportunity for investors and developers to capitalize on strong demand in a supply-constrained market. Hold for income, build to suit, or develop the next premier boutique condominium address. Ideally situated just minutes from Bal Harbour Shops, world-class beaches, fine dining, and top-rated schools. A prime location with significant long-term value in a highly desirable coastal community.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11996407

Contact

Miami, FL
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Phone: +1 305-203-4555
Fax: +1 305-675-0745
jm@nestseekers.com
Listing Courtesy of The Corcoran Group
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