1040 94 street, Bay Harbor Islands FL 33154

$3,799,999

$779/sq ft

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Overview

Year Built

1956

Sqft

4878

Property Type

Quadruplex

Property Description

Exceptional Development Opportunity in Bay Harbor Islands Income-Producing 4-Unit Multifamily with 23,000+ Buildable SF Currently 8 Bedrooms + Dens on each unit and 8 Bathrooms. Concept Design by Kobi Karp Ideally located on 94th Street in the heart of Bay Harbor Islands, this 11,250 sq ft, steps from one of the county’s top-rated K–8 schools, world-class shopping, dining, and pristine beaches. Zoned RM-2, the property offers prime redevelopment potential with approximately 23,000 buildable square feet, allowing for up to 14 luxury condominium or townhouse residences. The existing structure is a fully operational 4-unit multifamily generating steady income while offering immediate upside for investors and developers.

Property Details

MLS#

A11837608

Total Floor in Bldg

2

Building

BAY HARBOR

Address

1040 94 street

City

Bay Harbor Islands

State/county

FL

Zip/Postal Code

33154

Area

Bay Harbor,bay Harbor Gardens

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Monthly

Tax Amount

$18,460

Maint Fee

$--

Tax Year

2024

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Boris Gelfand