16,248 sqft

$7,800,000

1175 S 98th St Unit: 20 UNITS, Bay Harbor Islands FL, 33154

Price per sqft$480.06

Built in1957

Property size16,248 sqft

Property typeCommercial

Overview

Sold

Closed

Listed Jul 7, 2022

Updated 4 weeks ago

Extensively renovated and equipped! rare opportunity to acquire a unique 20-unit multifamily building, located within one of the safest and most desirable residential cities in the FL tri-county region. The property consists of 20 units, 16/4 mix 1 bD (818 sf) and 2 Bd (1019 sf), 27 dedicated street parkings. Extensive and thorough renovation, feels like a new. Corner lot steps away Kane Concourse, walking distance to Bal Harbor Shops and beach. Access to highly rated schools in Bay Harbor and the luxury lifestyle surroundings, commanding PREMIUM rents, and prices, in every kind of market and economy. This property is an ideal investment opportunity for investors looking for a ready to occupy, low maintenance proposition, with a relevant redevelopment opportunity upside (zoned RM-2)

Additional information

MLS^® ID: A11237291

Interior Features

Basement: No

Exterior Features

Lot Size: 0.44 Acres

Other Property Details

Taxes: $57,802
Tax Frequency: Annually

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 3:48 PM UTC, 10/14/2026.

Listed by: Douglas Elliman, 561-245-2635