Fort Lauderdale Luxury & Waterfront Homes

7124 Bay Dr

Miami Beach, FL 33141

MLS#: A11924424

$2,140,000

Status: Active
Listing number: A11924424
Listing provided by: One Sotheby's International Realty
Listing agent phone: None
Last update: 8 days ago
On site: 7 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1940

Sq.Footage

4,732

Exceptional Turnkey Investment Opportunity in Miami Beach Fully leased 8-unit multifamily property offering strong income and long-term upside. The building comprises 4 studios and 4 1BD/1BA units, all well-maintained. Property highlights include: impact windows throughout, split A/C units in every apartment, full kitchens and updated bathrooms, and upgraded electrical and plumbing systems. Succesffully Completed 40-years certification. The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods. Highly desirable Normandy Isles neighborhood, minutes to the beach, public transportation, shops, restaurants, and major Miami destinations. High rental demand and low vacancy area.The neighborhood is transitioning from a somewhat quiet into a vibrant, upscale, and highly desirable upcoming luxury community

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(square feet)

    5,250

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $2,140,000

  • Tax Amount

    $28,380

  • Zoning

    4800

  • Sq. Footage

    4,732

  • Price/SqFt

    $452

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Ownership

    Corporation

  • Sewer

    Other

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Miami-Dade

Elementary School

Middle School

High School

Listing Courtesy of Brigitte Lina , One Sotheby's International Realty

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Jarrod Gaylis

Realtor

Jarrod Gaylis

Call Jarrod today to schedule a private showing.

(305) 790-0199

jgaylis@perfectpropertiesfl.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Exceptional Turnkey Investment Opportunity in Miami Beach Fully leased 8-unit multifamily property offering strong income and long-term upside. The building comprises 4 studios and 4 1BD/1BA units, all well-maintained. Property highlights include: impact windows throughout, split A/C units in every apartment, full kitchens and updated bathrooms, and upgraded electrical and plumbing systems. Succesffully Completed 40-years certification. The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods. Highly desirable Normandy Isles neighborhood, minutes to the beach, public transportation, shops, restaurants, and major Miami destinations. High rental demand and low vacancy area.The neighborhood is transitioning from a somewhat quiet into a vibrant, upscale, and highly desirable upcoming luxury community

7124 Bay Dr

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Perfect Properties of Florida Real Estate via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

New on site 2 days ago
Unique opportunity to acquire a turnkey second-generation restaurant and bar in the heart of Normandy Isles, Miami Beach. The 3,349 SF building sits on a 5,402 SF lot with 50 feet of frontage along the strategic 71st Street corridor, connecting Miami Beach to the mainland. The property features an included liquor license allowing liquor sales and live music until 5 AM, an active Certificate of Use, new code-compliant grease trap, approved outdoor seating, and four on-site parking spaces plus ample street parking. Located on a city-designated restaurant fast-track corridor, the property is ideally positioned to benefit from significant surrounding residential growth, with 1,300+ new residential units delivered, under construction, or approved in North Beach. Its location along 71st Street also provides direct exposure to the continued commercial boom and population growth of neighboring North Bay Village, creating an exceptional opportunity for an operator or investor seeking a high-visibility restaurant and entertainment venue in one of Miami Beach’s emerging growth corridors.
#A12072943

Miami Beach

1971 71st St

None Beds

None Baths

3,349 Sq.Ft.

$2,500,000

MLS#: A12072943

New on site 1 day ago
625 75th Street is a fully modernized, two-story, six-unit multifamily asset situated on a 5,500 SF parcel in the North Beach submarket of Miami Beach. Comprising 3,400 adjusted square feet, the property features an efficient unit mix of four 1-bedroom/1-bathroom units and two studio residences. The building has undergone substantial capital expenditures, including complete upgrades to both the electrical and plumbing systems, along with full-building hurricane impact windows and doors, minimizing near-term deferred maintenance for incoming ownership. Zoned RM-1 (Residential Multifamily, Low Density) under the Miami Beach Land Development Code, the property provides immediate cash flow stability backed by high tenant retention and severe local rental housing supply constraints. Positioned within walking distance to the beach, the North Beach Oceanside Park, and major transit corridors connecting to mainland Miami, the asset represents a turnkey, low-maintenance holding for 1031-exchange investors or private capital seeking insulated coastal real estate fundamentals.
#A12074389

Miami Beach

625 75th St

None Beds

None Baths

3,400 Sq.Ft.

$2,100,000

MLS#: A12074389

Prime investment opportunity in South Beach. This income-producing five-unit boutique building sits on a corner lot at Meridian Avenue and 8th Street, one of the most picturesque and desirable residential locations in Miami Beach. The property offers strong upside potential and is zoned 4900 Multi-Family with a 1.25 FAR,potential for up to approx 5,250 square feet of buildable area. An excellent candidate for redevelopment, condo deconversion to multifamily, or value-add renovations to increase rental income. Great for a 1031 buyer and provides stable rental income, with historically high occupancy throughout ownership. The property includes five tandem, partially covered parking spaces accommodating up to 10 cars. A rare and versatile South Beach asset within walking distance of the beach, Flamingo Park, shops, restaurants, and the sought-after South of Fifth neighborhood.
#A12066561

Miami Beach

759 Meridian

None Beds

None Baths

3,200 Sq.Ft.

$1,890,000

MLS#: A12066561

535 73rd Street is an 8-unit multifamily property located in the heart of North Beach, Miami Beach, consisting of eight oversized 1-bedroom/1-bath units. The property has been extensively renovated with open-concept kitchens, real hardwood flooring, full hurricane impact windows and doors, and a new roof installed in 2023, while also featuring a private garden, gated keypad entry, and on-site laundry. With a history of 100% occupancy and collections, long-term credit-checked tenants, and on-site management, the asset provides stable in-place cash flow and efficient operations. Positioned just steps from the beach and approximately 20 minutes from Downtown Miami, with convenient access to major transportation corridors, shopping, dining, and entertainment, the property represents an exceptional investment opportunity in one of South Florida's strongest rental markets.
#A12058052

Miami Beach

535 73rd St 1-8

None Beds

None Baths

5,450 Sq.Ft.

$2,250,000

MLS#: A12058052

A premier, income-generating multifamily asset in a highly coveted Miami Beach location. This standalone building features 8 stabilized units (4 studios and 4 one-bedrooms) producing a strong gross income of $164,400 per year against lean operating expenses of $40,777, resulting in a predictable Net Operating Income (NOI) of $123,623.The Ultimate Upside: Short-Term Rental Zoning. While currently fully occupied on steady one-year leases, the true alpha of this property lies in its zoning flexibility. The asset sits in a rare Miami Beach district that explicitly permits short-term rentals (STR). This allows a new owner to seamlessly pivot the asset into a high-yield vacation rental or flexible-stay model, exponentially increasing the gross revenue and cap rate.
#A12056231

Miami Beach

7936 Harding Ave

None Beds

None Baths

4,640 Sq.Ft.

$2,059,000

MLS#: A12056231

Offering 4 commercial-retail ground-level spaces (CU-1-2-3-4). Totaling over 7,800 sq. ft. of income-producing retail-businesses in the heart of South Beach's Hotel District. Currently leased with a yearly NET Income of $216,000. The corner space (Washington & 8th Street) is operated as a grocery store, and the other spaces are combined operating a restaurant/bar. All NNN-leases with low cost to the landlord. All tenants are stable, profitable and willing to remain onsite. Building is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. All spaces are located on the ground-level for the Royal South Beach Condo-Hotel. Property passed 40-Yr recertification. The 50-Yr recertification Engineering Study just completed (See MLS attachments). Kindly contact the listing agent to schedule a showing and DO NOT disturb the onsite businesses.
#A12020955

Miami Beach

764 Washington Ave CU-1-2-3-4

None Beds

None Baths

8,000 Sq.Ft.

$1,950,000

MLS#: A12020955

Prime South Beach multifamily investment opportunity with a 100% occupancy rate. The property consists of an 8-unit building featuring one-bedroom and studio apartments, situated in one of Miami Beach’s most desirable and walkable neighborhoods, just steps from Flamingo Park and minutes from Lincoln Road, Ocean Drive, and the beach. The asset has undergone several capital improvements, including impact windows throughout, and all units have been renovated. The building features fully remodeled one-bedroom units with marble flooring, marble bathrooms, and stainless steel appliances. A perfect opportunity to own a trophy asset for the price of a house.
#A12014837

Miami Beach

928 Jefferson Ave

None Beds

None Baths

3,900 Sq.Ft.

$2,050,000

MLS#: A12014837

Rarely available 8-unit multifamily asset positioned in one of Miami Beach's most sought-after corridors. This value-add opportunity offers investors the chance to acquire an income-producing property with significant upside potential. The property features a stable existing tenant base with below-market rents — providing immediate runway to increase NOI upon lease turnover or strategic repositioning. With Miami Beach's consistently low vacancy rates and strong rental demand driven by year-round tourism, a growing professional population, and limited new multifamily supply, the fundamentals supporting rent growth remain exceptionally compelling. Contact listing agent for an updated Offering Memorandum.
#A11997416

Miami Beach

7635 Dickens Ave

None Beds

None Baths

4,765 Sq.Ft.

$1,795,000

MLS#: A11997416

This 1,950 SF building in Normandy Isle, offered at $1,799,999, represents a fully modernized, low-CapEx acquisition with substantial immediate value. The property has been extensively hardened and upgraded, featuring a New Roof (2026), new impact doors and windows (2025), fresh exterior paint (2025), and a designer bathroom finished in Italian porcelain (2025). These specific improvements offer an investor significant long-term savings on insurance premiums and maintenance while providing a "plug-and-play" environment that bypasses the difficult Miami Beach permitting process. The asset is divided into two 975 SF bays; one is a meticulously finished luxury showroom, while the second offers the flexibility to be delivered "as-is" or renovated by the owner to the same high-end standard depending on the offer. The location value is driven by its position at the primary transit gateway between the mainland and the ocean, placing it at the epicenter of a massive residential renaissance. To the west, North Bay Village is being reshaped by ultra-luxury towers like Shoma Bay, the Continuum Club, and Pagani Residences, while the immediate area to the east is densifying with projects like 72 Park and Ella Miami Beach. For the investor, this concentration of high-net-worth inventory ensures a captive, affluent consumer base and guaranteed land value appreciation.
#A11960128

Miami Beach

1975 71st St

None Beds

None Baths

1,950 Sq.Ft.

$1,799,999

MLS#: A11960128

A once in a lifetime opportunity awaits you in Miami Beach. Bar/Nightclub/Restaurant/Gentlemen's Club For Sale.. A One of a Kind Location. Turn Key, you walk in today & start making money today. The only location that is legally zoned and allowed to be licensed in the area. The ONLY GENTLEMEN'S CLUB in MIAMI BEACH. All licensing in place & allowed to operate till 5am with a 4cop Liquor License($300k Value). A 10+10 20 year lease with low rent. Free rent till March 1st 2026.Owner financing available. Please call listing agent !!!
#A11936178

Miami Beach

None Beds

None Baths

4,000 Sq.Ft.

$1,900,000

MLS#: A11936178

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Perfect Properties of Florida Real Estate via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by Perfect Properties of Florida Real Estate via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service