$4,150,000
$4,450,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
6,966 SqFt
SOLD DATE : 05/01/2025
Key Details
Sold Price $4,150,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,966 sqft
Price per Sqft $595
MLS Listing ID A11719889
Sold Date 05/01/25
HOA Y/N No
Year Built 1964
Annual Tax Amount $37,166
Contingent No Contingencies
Lot Size 0.258 Acres
Property Sub-Type Multi Family
Property Description
Bay Harbor Islands Development Opportunity
An exceptional opportunity to develop in a prime location adjacent to Bal Harbor, Surfside, and the beachfronts of Miami's most desirable neighborhoods. This 11,250 SF lot features a two-story building with 6 fully leased units and a private pool, generating income while redevelopment plans are prepared.
Development Potential: Zoned for a boutique mid-rise with 12-14 units or 6 luxury townhomes, offering the opportunity to create high-end residences with private garages, rooftop amenities, and spa pools.
Situated in Bay Harbor Islands, a serene yet vibrant neighborhood adjacent to Bal Harbor and Surfside. Enjoy convenient access to world-class shopping, fine dining, the highly-rated BHI K-8 school, community tennis courts, and more.
Location
State FL
County Miami-dade
Area 22
Direction Take I-95 S, exit 12A, then head east on NE 125th St, continue onto Broad Causeway, and turn left on E Bay Harbor Dr to reach 102nd St.
Interior
Heating None
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Tile
Exterior
Roof Type Concrete
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 13-22-27-001-1290
Acceptable Financing Conventional, Owner May Carry
Listing Terms Conventional, Owner May Carry
Financing Cash
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Bought with Non Member Listing Office
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18001 Collins Ave, Sunny Isles Beach, FL, 33160-2722, USA