Unimproved Land in 9950 E Bay Harbor Drive, Bay Harbor Islands, FL 33154 for sale with MLS# A11731172

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

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

Price
Price:
$5,200,000.00
Original List Price:
$5,200,000.00
List Price per Sq Ft (Calculated, Approx.):
$542.61
List Price per Sq Ft (Calculated, Approx.):
$533.33
Business Info
Gross Scheduled Income:
184953
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
New Listing
Last Major Update on:
January 29, 2025 12:12 am
Other Special Conditions:
City Jurisdiction
Measures
Lot Area:
9,750 Sqft
Lot Size Dimensions and Info:
9750
Lot Size Acres:
0.22
Property Features
View from the Property:
Beach
Waterfront:
No
Current Use:
Other
Road Responsibility:
Public Maintained Road
Construction
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$40,554.00
Tax Year:
2023
Utilities
Utilities Available:
Cable Available, Natural Gas Available, Sewer Available, Other
Water Source:
Other
Community
Subdivision Name:
BAY HARBOR ISLAND
Senior Community:
No
Terms
Buyer Possession:
Negotiable
Zoning and Legal
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
Real Estate Folio Number (Parcel Number):
1322270011840
Zoning:
4500
Public Schools Assigned
Elementary School:
Galaxy E3
High School:
Miami Beach
Listing History
Active on the market since:
January 29, 2025
Listing Agreement executed on:
January 28, 2025
Listing Status Last Changed On:
January 29, 2025 12:12 am
Photos updated on:
July 28, 2026 2:51 pm
Last Modified:
July 28, 2026 3:02 pm
Additional Information
Courtesy of:
Miles Goldstein Real Estate
Attribution:
Not provided
Location
Street Name:
Bay Harbor
Street Number:
9950
City:
Bay Harbor Islands
State:
Florida
Zip Code:
33154
County:
Miami-Dade
Latitude:
N25° 53' 24.2''
Longitude:
W81° 52' 8.1''
Street Suffix:
Drive
Street Direction Prefix:
E
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $87,806
Median Home Value $741,400
Median Rent $2,245/mo
Median Age 40
Population 14,435

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 45 Good
☀️ O3 30 Good
🫁 PM2.5 45 Good
Ver la Propiedad Ver la propiedad 9950 E Bay Harbor Drive, Bay Harbor Islands, FL 33154
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.