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 ...


Property

Website:https://www.nestseekers.com/5397686
Address:
Bay Harbor Islands, FL 33154
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.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of The Corcoran Group