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
Listed by Alan Eskenazi Bone
·
License #3344686
·
Miles Goldstein Real Estate
·
786-493-7772
Listed by Eli Eskenazi Bone
·
Miles Goldstein Real Estate
Last updated November 20, 2025
·
Source: MIAMIRE #A11745188
Listing Facts
TypeMulti-family
NeighborhoodBay Harbor Islands
Days on Prevu301
Taxes$40,554/year
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
11/21/2025
Price Decreased
$4,200,000
09/18/2025
Price Decreased
$4,600,000
02/13/2025
Listed by Miles Goldstein Real Estate
$5,200,000
Property Details for 9950 E Bay Harbor Dr
Exterior
Construction
Roof: Other
Stories: 2
Stories Total: 2
Structure Type: Quadruplex, Fourplex
Year Built: 1952
Year Built Details: Resale
Architectural Style: Other
Building Name: BAY HARBOR ISLAND
Construction Materials: Other
Measurements
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 13-22-27-001-1840
Tax Annual Amount: $40,554.00
Tax Year: 2024
Interior
Features
Flooring: Other
Measurements
Living Area Units: Square Feet
Other
Location
Subdivision Name: BAY HARBOR ISLAND
Parking
Parking
Parking Total: 8
Utilities
Equipment
Cooling: Other
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Sewer: Other
Water Source: Other
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 9950 E Bay Harbor Dr.
Does this multi-family home have parking?
Yes, there are 8 parking spaces available for 9950 E Bay Harbor Dr.
What are the annual taxes for 9950 E Bay Harbor Dr?
Annual taxes for this multi-family home are estimated at $40,554.
How does 9950 E Bay Harbor Dr compare to other multi-family homes in Bay Harbor Islands?
This multi-family home is listed 19% below the average price for multi-family homes in Bay Harbor Islands and has been on the market for 162 more days than the typical home in this area.
What building or home owners association is the multi-family home part of?
This multi-family home is in the BAY HARBOR ISLAND building.
9950 E Bay Harbor Dr is a -bedroom multi-family home for sale in Bay Harbor Islands FL 33154. Available on Prevu for 301 days at $4,200,000. This includes a recent price decrease of $400,000. This residence is located in Bay Harbor Islands. The median listing price for multi-family homes in this area is $1,147,000. Additional amenities include pets allowed and parking. View other multi-family home listings in Florida.
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.