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
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| For Sale ~ Price Changed Residential | $4,200,000 -8.7% | Miles Goldstein Real Estate | ||
| For Sale ~ Price Changed Residential | $4,600,000 -11.5% | Miles Goldstein Real Estate | ||
| Listed For Sale Residential | $5,200,000 | Miles Goldstein Real Estate |
| Year | Annual Amount | Description |
|---|---|---|
| 2024 | $40,554 |