
Property photos —
MIAMI REALTORS® MLS7124 Bay Drive, Miami Beach, FL 33141
- Beds
- —
- Baths
- 0
- Sqft
- 4,732
- Home type
- Quadruplex
- Year built
- 1940
- Lot size
- —
- Price / sqft
- $421
- HOA
- $0/mo
- Community
- OCEAN SIDE SEC-ISLE OF NO
Property description
PRIME MIAMI BEACH INVESTMENT OPPORTUNITY! FULLY LEASED 8-UNIT MULTIFAMILY WITH IMMEDIATE CASH FLOW AND SIGNIFICANT UPSIDE POTENTIAL!Located in the highly desirable Normandy Isles neighborhood, this income-producing property offers an exceptional mix of stable rental income, a prime location, and value-add potential.Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1-bedroom/1-bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained.Key improvements include impact windows throughout, upgraded plumbing systems, individual split A/C units, and freshly painted interiors. The 40-year certification is complete.THE OPPORTUNITY: CAPITALIZE ON EXISTING CASH FLOW WHILE UNLOCKING FUTURE RENTAL GROWTH! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value.Ideally situated minutes from Miami Beach's beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club & Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer.8 UNITS. 100% OCCUPIED. IMMEDIATE INCOME. VALUE-ADD POTENTIAL. PRIME MIAMI BEACH LOCATION.
Listing activity
- Days on market
- 0
- Listed
- Oct 30, 2026
- MLS listing updated
- Oct 31, 2026
- Feed last checked
- 7 minutes ago
Listed by Brigitte Lina · One Sotheby's International Realty
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
Rooms & features
- Flooring
- Tile, Wood
Heating & cooling
- Heating
- Separate Meters, Electric
- Cooling
- Ceiling Fan(s)
Property
Exterior
- Stories
- 2
- Building area
- 4,732 sqft
- Patio & porch
- Patio
- Pool
- No
- Waterfront property
- No
Lot
- Zoning
- 4800
Construction
Type & style
- Home type
- Quadruplex
- Structure type
- Multi Family
- Year built
- 1940
Materials
- Construction
- CBS
- Roof
- Shingle
Utilities & green energy
Utilities
- Electric
- Circuit Breakers
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available
Community & HOA
Community
- Subdivision
- OCEAN SIDE SEC-ISLE OF NO
- MLS area
- 2320
Association
- Has association
- No
- Estimated monthly dues
- $0
Lease details
Not reported by the listing source.
Location
Area details
- City
- Miami Beach
- County
- Miami-Dade
- ZIP code
- 33141
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- A12112742
- Possession
- Negotiable
- Original list price
- $1,990,000
- Parcel number
- 0232100130320
- Annual property tax
- $28,380
- Tax year
- 2025
- Tax legal description
- OCEAN SIDE OF ISLE OF NORMANDY PB 25-60 LOT 5 LESS S50FT BLK 3 LOT SIZE 63.330 X 75 OR 23582-2898 07 2005 2 (2) COC 26296-4755 03 2008 2
Additional MLS details
Reported by the listing source
- Association
- No
- Bathrooms Total Decimal
- 0
- Bathrooms Total Integer
- 0
- Building Area Total
- 4732
- Construction Materials
- CBS
- County Or Parish
- Miami-Dade
- Days On Market
- 0
- Elementary School
- Treasure Island
- High School
- Miami Beach
- List Price
- 1990000
- Listing Contract Date
- 2026-10-30
- Living Area
- 4732
- MLSArea Major
- 2320
- Middle Or Junior School
- Miami Beach Nautilus
- Mls Status
- Active
- On Market Date
- 2026-10-30
- Patio And Porch Features
- Patio
- Photos Count
- 22
- Postal Code
- 33141
- Property Sub Type
- Quadruplex
- Property Type
- Residential Income
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-10-30T04:00:00Z
- Stories Total
- 2
- Subdivision Name
- OCEAN SIDE SEC-ISLE OF NO
- Water Source
- Public
- Tax Annual Amount
- 28380
- Pool Private
- No
- Waterfront
- No
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Oct 30, 2026 | ListedMIAMI REALTORS® MLS | $1,990,000$421/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $28,380 | — |
Payment calculator
- Principal & interest
- $10,326
- Property taxes
- $2,365
- Insurance
- $995
- 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
OCEAN SIDE SEC-ISLE OF NOMiami Beach · Miami-Dade County · 33141
Climate risk
—No licensed climate-risk source is connected.
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