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7124 Bay Dr Miami Beach, FL $ 2,390,000
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$ 2,390,000 Get more info
7124 Bay Dr
$ 2,390,000
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7124 Bay Dr

Miami Beach, FL, 33141
$ 2,390,000
Bedrooms8 Baths8.0 Sq 4,732

Monthly Estimate*

$ 14,716

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Multi-Family Home for sale in Miami Beach, FL

for $2,390,000 with 8 bedrooms and 8 full baths. This 4,732 square foot home was built in 1940.

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

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Multi-Family Active

Price

$ 2,390,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 28,380

Style

Year Built

1940

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11922740
Features
General
Sewer Public Sewer
Heating Central
Cooling Ceiling Fan(s)
Utilities Cable Available
Possession Closing & Funding
Roof Shingle
Patio/Porch Features Patio
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1940
Stories Count 2
Levels Two
Property Subtype Quadruplex
Tax Year 2025
County Miami-Dade
Property Type Residential Income
Subdivision Name OCEAN SIDE SEC-ISLE OF NO
Rent Includes Gardener Sewer Trash Collection Water
Full Baths 8
Special Listing Conditions Real Estate Owned Listed As-Is
Status Active
City Miami Beach
Zoning Description 4800
Number Of Units Total 8
MLS Area 32
Lot Size Units Square Feet
Listing Terms Cash Conventional Cryptocurrency FHA VA Loan
Year Built Details Effective Year Built
Tax Annual Amount 28380
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11922740
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Quadruplex
Legal Description OCEAN SIDE OF ISLE OF NORMANDY PB 25-60 LOT 5 LESS S50FT BLK 3 LOT SIZE 63.330 X 75 OR 23582-2898 07 2005 2 (2) COC 26296-4755 03 2008 2
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Interior
Flooring Hardwood Other Tile Wood
Heating Y/N true
Half Baths 0
Total Bedrooms 8
Total Baths 0
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Exterior
Exterior Amenities Security/High Impact Doors Patio
Lot Features < 1/4 Acre
Water Source Public
Total Parking 5250
Building Area Total 4732
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
One Sotheby's International Realty

Broker

brigitte@brigittelina.com

Email

Affordability Calculator

$17,081
Per Month
86%
14%
0%
Monthly Principal & Interest
$14,716
Monthly Property Taxes
$2,365
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/7/2026 $2,390,000 Listed Price

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7124 Bay Dr, Miami Beach, FL, 33141 is a Multi-Family Home for sale at $2,390,000 with 4,732 sqft. 7124 Bay Dr has 8 bedrooms, 8.0 baths, and was built in 1940. The property's zip code is 33141 which is in Miami Beach, FL

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