1029 94th Street, Bay Harbor Islands, FL 33154
$6,250,000
Property Type:
Commercial Sale
Square Footage:
8,230
Status:
Active
Current Price:
$6,250,000
List Date:
7/21/2026
Last Modified:
8/05/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# A12065320
General Property Information
- Number Of Buildings
- Yes
- Property Sub Type
- Multi Family
- Number Of Units Total
- 2
- Occupant Type
- Call Listing Agent
- Building Area Main
- 8230
- Year Built
- 1951
- Lot Size Area
- 11250
- Lot Size Acres
- 0.26
- Stories Total
- 2
Property Features
Common Area Maintenance Includes:
Water
Documents Available:
Aerial Photo(s)
Heating:
Central Individual
Location of Property:
Location In A Flood Zone
Parking Features:
Common
Possession:
Close Of Escrow
Sale Includes:
Building; Land
Tenant Pays:
Electricity; Exterior Electric; Interior Electric
Cooling:
Central Individual
Contract Information
- Comp Sale YN
- No
- Original List Price
- 6250000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 1029
- Street Name
- 94th
- Street Suffix
- Street
- City Name
- Bay Harbor Islands
- Municipal Code
- 13
- State Or Province
- FL
- Postal Code
- 33154
- Postal Code +4
- 2380
- Area
- 2220
- Parcel Number
- 1322270012630
- Subdivision Number
- Yes
- Zoning
- 4500
- Flood Zone
- AE
Financial Information
- Tax Legal Description
- BAY HARBOR ISLAND PB 46-5 LOT 16 BLK 13 LOT SIZE 75.000 X 150 OR 15329-7539 1291 1
Status Change Information
- Major Change Timestamp
- 2026-07-21T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-08-04
More Information
Description of Unit Type 1
- Unit Type
- 1 Bedroom
- Units Total
- 11
- Furnished
- No
Description of Unit Type 2
- Unit Type
- 2 Bedroom
- Units Total
- Yes
- Furnished
- No
Price Calculations
- Current Price To SqFt
- 759.41
Section Details
- Parcel Number MLX
- 2630
Originating Details
- Originating System Key
- 540615882
- Originating System ID
- M00000151
Listing Office:
MSP Group, LLC
Last Updated: August - 05 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
