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7124 Bay Dr Miami Beach, FL $ 1,990,000
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7124 Bay Dr
$ 1,990,000
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7124 Bay Dr

Miami Beach, FL, 33141
$ 1,990,000
Bedrooms8 Baths8.0 Sq 4,732

Monthly Estimate*

$ 13,744

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Multi-Family Home for sale in Miami Beach, FL

for $1,990,000 with 8 bedrooms and 8 full baths. This 4,732 square foot home was built in 1940.

PRIME MIAMI BEACH INVESTMENT OPPORTUNITY! FULLY LEASED 8-UNIT MULTIFAMILY WITH IMMEDIATE CASH FLOW AND SIGNIFICANT UPSIDE POTENTIAL! Located in the highly desirable Normandy Isles neighborhood, this income-producing property offers an exceptional mix of stable rental income, a prime location, and value-add potential. Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1-bedroom/1-bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained. Key improvements include impact windows throughout, upgraded plumbing systems, individual split A/C units, and freshly painted interiors. The 40-year certification is complete. THE OPPORTUNITY: CAPITALIZE ON EXISTING CASH FLOW WHILE UNLOCKING FUTURE RENTAL GROWTH! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value. Ideally situated minutes from Miami Beach's beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club & Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer. 8 UNITS. 100% OCCUPIED. IMMEDIATE INCOME. VALUE-ADD POTENTIAL. PRIME MIAMI BEACH LOCATION.

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Multi-Family Active

Price

$ 1,990,000

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

A12112742
Features
General
Sewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s)
Utilities Cable Available
Possession Closing & Funding
Roof Shingle
Patio/Porch Features Patio
Architectural Style Fourplex
Pool Features None
Construction Materials CBS (Concrete Block Structure) 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 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
Year Built Details Effective Year Built
Tax Annual Amount 28380
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12112742
Standard Status Active
Occupancy Type Call Agent
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 Tile Wood
Heating Y/N true
Window Features Impact Glass
Half Baths 0
Total Bedrooms 8
Total Baths 0
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Exterior
Exterior Amenities Security/High Impact Doors Patio
Lot Features Flood Zone < 1/4 Acre
Water Source Public
Total Parking 0
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

$16,109
Per Month
85%
15%
0%
Monthly Principal & Interest
$13,744
Monthly Property Taxes
$2,365
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/30/2026 $1,990,000 Listed Price

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7124 Bay Dr, Miami Beach, FL, 33141 is a Multi-Family Home for sale at $1,990,000 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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