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
Miles Goldstein Real Estate
Features & Details
Learn about the features and details of 9950 E Bay Harbor Dr
Property Details
Property Type
Quadruplex
Living Area
-
Year Built
1952
Lot Size
-
Stories
-
Annual Tax
$40,554.00
List Date
2/13/2025
Updated
6/7/2025
Last Checked
Recent
MLS Number
#A11745188
Brokerage
Miles Goldstein Real Estate
Postal Code
33154
Area
Miami-Dade
City
Miami Beach
Additional Property Features
Occupancy
CallAgent
List Price
$5,200,000.00
Unit Number
-
Construction
Other
Heating
Central
Fireplaces
-
Garage
-
Parking Type
No
Pets Allowed
No
Air Conditioning
Other
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
Show More Features
Price history
Learn about the price history of 9950 E Bay Harbor Dr
Virtual Tour
Take a 3D tour of this property
Login to view 3D Virtual Tour
Real estate trends
View trends of price in 9950 E Bay Harbor Dr, Miami-Dade over the last 12 months
Explore Miami-Dade
Learn about the area around 9950 E Bay Harbor Dr
Mortgage Calculator
Estimate monthly payments for 9950 Bay Harbor Dr
20.5%100%
30 Years
Estimated Monthly Payment
$20,946
Cash Flow Analysis
Mortgage Payment:
$20,946
Monthly Payment:
$24,325.5
Break Even Down Payment:
100%
Cash Flow
$0
Similar listings
Shop homes for sale similar to 9950 E Bay Harbor Dr, Miami-Dade
Discover this impressive quadruplex in the heart of Bay Harbour Island, Miami Beach. Originally built in 1952. Offered at $5,200,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
FAQs About 9950 E Bay Harbor Dr
How many bedrooms and bathrooms does this home have?
Does this property have parking available?
What are annual taxes for 9950 E Bay Harbor Dr?
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.