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
For sale
$4,200,000
9950 E Bay Harbor Dr, Miami Beach, FL 33154
--beds
--baths
--sqft
Quadruplex
Built in 1952
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 547 days |
- 116 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Alan Eskenazi Bone 786-493-7772,
Miles Goldstein Real Estate,
Eli Eskenazi Bone 786-449-2228,
Miles Goldstein Real Estate
Source: MIAMI,MLS#: A11745188
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Property
Parking
- Total spaces: 8
Features
- Stories: 2
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 1322270011840
- Zoning: 4500
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- Other
- Roof: Other
Condition
- Year built: 1952
Utilities & green energy
- Sewer: Other
- Water: Other
Community & HOA
Community
- Subdivision: Bay Harbor Island
HOA
- Has HOA: Yes
Location
- Region: Miami Beach
Financial & listing details
- Tax assessed value: $2,226,713
- Annual tax amount: $40,554
- Date on market: 2/13/2025
- Listing terms: All Cash
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Price change | $4,200,000-8.7% |
Source: | ||
| 9/18/2025 | Price change | $4,600,000-11.5% |
Source: | ||
| 2/16/2025 | Listed for sale | $5,200,000+65.1% |
Source: | ||
| 1/10/2025 | Sold | $3,150,000+75% |
Source: Public Record Report a problem | ||
| 7/29/2022 | Sold | $1,800,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $41,152 +1.5% | $2,226,713 0% |
| 2024 | $40,555 -20.8% | $2,226,742 -20.3% |
| 2023 | $51,192 +178.1% | $2,794,654 +240.1% |
| 2022 | $18,406 +8.8% | $821,656 +10% |
| 2021 | $16,911 +4.5% | $746,960 +10% |
| 2020 | $16,189 -1.5% | $679,055 +10% |
| 2019 | $16,443 +7.6% | $617,323 +10% |
| 2018 | $15,279 | $561,203 +10% |
| 2017 | $15,279 -1.1% | $510,185 +10% |
| 2016 | $15,451 +32% | $463,805 +10% |
| 2015 | $11,709 -5.1% | $421,641 -9.8% |
| 2014 | $12,336 +47.1% | $467,285 +10% |
| 2013 | $8,384 | $424,805 +10% |
| 2012 | $8,384 -12.7% | $386,187 -12.2% |
| 2011 | $9,600 -14.4% | $439,834 -9.1% |
| 2010 | $11,209 -31.3% | $483,731 -38% |
| 2009 | $16,319 -5.1% | $780,253 -10.1% |
| 2007 | $17,189 +57.6% | $868,174 |
| 2006 | $10,908 | -- |
| 2005 | $10,908 +22.3% | -- |
| 2004 | $8,915 +45% | -- |
| 2003 | $6,150 +38.5% | -- |
| 2002 | $4,439 | -- |
| 2001 | $4,439 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33154
Nearby schools
GreatSchools rating
- 10/10Ruth K. Broad Bay Harbor K-8 CenterGrades: PK-8Distance: 0.4 mi
- 5/10Miami Beach Senior High SchoolGrades: 9-12Distance: 6.3 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 5.2 mi
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