No photos available
Offered at
$6,250,000
1029 94th Street, Bay Harbor Islands, FL 33154
- 0
- Beds
- 0
- Full Baths
- 8,230
- Sq.Ft.
Listing courtesy of Demosthenes George Mekras, MSP Group, LLC
Property Description
Harbor Lofts, located at 1029 94th Street, is a 12-unit multifamily investment opportunity ideally situated in Bay Harbor Islands, one of Miami-Dade County’s most supply-constrained submarkets. Constructed in 1951 and substantially renovated, inside and out in recent years, the property is situated on an 11,250 SF (0.26-acre) lot and comprises 8,230 SF of net rentable living space across two stories.The unit mix consists of eleven (11) one-bedroom/one-bathroom units averaging approximately 680 SF, currently achieving average in-place rents of $2,091 per month, and one (1) two-bedroom/one-bathroom unit averaging approximately 750 SF, currently achieving $2,300 per month. Monthly rent at the property is inclusive of water and trash, with tenants responsible for their own gas and electricity.The property is zoned RM-2 under the Town of Bay Harbor Islands zoning code, which permits multifamily density of up to 34 dwelling units per acre as of right and up to 60 units per acre with bonuses. The existing rent roll positions the asset for a durable cash-flowing hold, while preserving long-term optionality for an investor to pursue increased density through the appropriate entitlement processes.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- 1029 94th Street, Bay Harbor Islands, FL 33154
- Zoning
- 4500
- MLS ID
- A12065320
- Listing Date
- 2026-07-21
- Last Updated
- 8/5/2026, 12:02:59 AM
- Days on Market
- 24
Features & Amenities
The Details
Exterior
- Parking
- Common
- Cooling
- Central Individual
- Heating
- Central Individual
Details
- Building Area
- 8,230 sq.ft.
- Lot Size
- 11,250 sq.ft.
- Lot Size (Acres)
- 0.26 acres
- Stories
- 2
- Year Built
- 1951
- County
- Miami-Dade
- Zoning
- 4500
Financial
- List Price
- $6,250,000
- Original List Price
- $6,250,000
Location
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.