ActiveMLS® A11731172

$5,200,000

9950 E Bay Harbor Drive, Bay Harbor Islands, FL 33154

Beds: —
Baths: 0
Sqft: —

Est. payment$32,961/mo

Home type: Unimproved Land
Year built: —
Lot size: 9,583 sqft
Price / sqft: —
HOA: $0/mo
Community: BAY HARBOR ISLAND

Property description

Income-producing 4-unit STR multifamily with prime redevelopment potential in Bay Harbor Islands, directly across from the prestigious LA MARE project. This property generates steady rental income and is zoned for an 8-unit luxury condominium development.Situated just minutes from Bal Harbour Shops, pristine beaches, and top-rated schools, this is a rare opportunity for investors or developers looking to maximize value in a high-demand area.Property Highlights:? 4-unit short-term rental multifamily – Fully operational & income-generating? Zoning allows for up to 8 luxury condo residences? Prime location – Steps from shopping, dining, and top schools? Strong upside potential – Ideal for investors or boutique developers

Listing activity

Days on market: 603
Listed: Jan 28, 2025
MLS listing updated: Jul 28, 2026
Feed last checked: 9 minutes ago

Listed by Alan Eskenazi Bone · Miles Goldstein Real Estate

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0
Bathrooms (decimal): 0

Property

Exterior

View: Beach
Waterfront property: No

Lot

Lot size: 9,583 sqft
Lot size (acres): 0.22 acres
Lot dimensions: 9750
Zoning: 4500
Road responsibility: Public Maintained Road

Construction

Type & style

Home type: Unimproved Land

Utilities & green energy

Utilities

Water: Other
Utilities: Cable Available, Natural Gas Available, Sewer Available, Other

Community & HOA

Community

Subdivision: BAY HARBOR ISLAND
MLS area: 2220

Association

Estimated monthly dues: $0

Lease details

Not reported by the listing source.

Location

Area details

City: Bay Harbor Islands
County: Miami-Dade
ZIP code: 33154

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11731172
Possession: Negotiable
Original list price: $5,200,000
Parcel number: 1322270011840
Annual property tax: $40,554
Tax year: 2023
Tax legal description: BAY HARBOR ISLAND PB 46-5 LOT 21 BLK 8 LOT SIZE 75.000 X 130 OR 19274-3411 08 2000 4

Additional MLS details

Reported by the listing source

Bathrooms Total Decimal: 0
Bathrooms Total Integer: 0
County Or Parish: Miami-Dade
Days On Market: 603
Elementary School: Ruth K. Broad Bay Harbor K-8
High School: Miami Beach
List Price: 5200000
Listing Contract Date: 2025-01-28
Lot Size Acres: 0.22
Lot Size Dimensions: 9750
MLSArea Major: 2220
Mls Status: Active
On Market Date: 2025-01-29
Photos Count: 29
Postal Code: 33154
Property Sub Type: Unimproved Land
Property Type: Land & Docks
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2025-01-29T00:12:54Z
Subdivision Name: BAY HARBOR ISLAND
Water Source: Other
Tax Annual Amount: 40554
Waterfront: No

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Jan 28, 2025	ListedMIAMI REALTORS® MLS	$5,200,000

Public tax history

Year	Property taxes	Assessment
2023	$40,554	—

Payment calculator

Estimated monthly payment$32,961/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $26,982
Property taxes: $3,380
Insurance: $2,600
Association dues: $0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

BAY HARBOR ISLAND

Bay Harbor Islands · Miami-Dade County · 33154

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Ruth K. Broad Bay Harbor K-8Elementary

—

Miami BeachHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes