Residential Development Opportunity – 11,250 SF in Bay Harbor Islands, FL – Zoned for Boutique Mid-Rise or Luxury Townhomes

Category: Land - Residential Development

Price:$4,450,000

Location: Bay Harbor Islands, FL

Year Built: 1964

Days on Market: 79

Description:

Bay Harbor Islands Development Opportunity An exceptional opportunity to develop in a prime location adjacent to Bal Harbor, Surfside, and the beachfronts of Miami’s most desirable neighborhoods. This 11,250 SF lot features a two-story building with 6 fully leased units and a private pool, generating income while redevelopment plans are prepared. Development Potential: Zoned for a boutique mid-rise with 12-14 units or 6 luxury townhomes, offering the opportunity to create high-end residences with private garages, rooftop amenities, and spa pools. Situated in Bay Harbor Islands, a serene yet vibrant neighborhood adjacent to Bal Harbor and Surfside. Enjoy convenient access to world-class shopping, fine dining, the highly-rated BHI K-8 school, community tennis courts, and more.

Motivated Seller

Listing Code: 1104212903