Exceptional Development Opportunity in Bay Harbor Islands
Income-Producing 4-Unit Multifamily with 23,000+ Buildable SF
Currently 8 Bedrooms + Dens on each unit and 8 Bathrooms.
Ideally located on 94th Street in the heart of Bay Harbor Islands, this 11,250 sq ft, steps from one of the county’s top-rated K–8 schools, world-class shopping, dining, and pristine beaches. Zoned RM-2, the property offers prime redevelopment potential with approximately 23,000 buildable square feet, allowing for up to 14 luxury condominium or townhouse residences.
The existing structure is a fully operational 4-unit multifamily generating steady income while offering immediate upside for investors and developers.
Citadel Realty
Features & Details
Learn about the features and details of 1040 94 street
Property Details
Property Type
Quadruplex
Living Area
4,878 sqft
Year Built
1956
Lot Size
-
Stories
-
Annual Tax
$18,460.00
List Date
7/9/2025
Updated
7/26/2025
Last Checked
Recent
MLS Number
#A11837608
Brokerage
Citadel Realty
Postal Code
33154
Area
Miami-Dade
City
Miami Beach
Additional Property Features
Occupancy
Tenant
List Price
$3,799,999.00
Unit Number
-
Construction
Block
Heating
Central
Fireplaces
-
Garage
-
Parking Type
No
Pets Allowed
No
Air Conditioning
Central Air
Elevator
No
Locker
No
Swimming Pool
None
Patio
No
Basement
No
Den
No
Central Vacuum
No
Garage Type
No
Additional Listing Information
Walk Score
–
Property Manager
-
Utilities Included
None
Furnished
No
Assessment Year
2024
Assignment
No
Extras Included
None
Inside
Bedrooms & Baths
0 Bed, 0 Bath
Ensuite
Yes
Bathrooms
0
Flooring
Mixed
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Price history
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Real estate trends
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Mortgage Calculator
Estimate monthly payments for 1040 94 street
$0
20.0%
$3,799,999
1%
5.25%
10%
25 Years
Monthly
Estimated Monthly Payment
$18,217
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Cash Flow Analysis
Mortgage Payment:
$18,217.13
Monthly Payment:
$19,755.46
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.
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Discover this impressive quadruplex in the heart of Bay Harbour Island, Miami Beach. This well-appointed property offers 4,878 square feet of living space. Originally built in 1956. Offered at $3,799,999.00 Don't miss this opportunity to own in one of the area's most desirable locations.
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Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.