OCEAN SIDE SEC-ISLE OF NO
7124 Bay Dr, Miami Beach FL 33141
4,732 ft²
4,732
Sq. Ft.
1940
Year Built
2
Stories
127
Days on Market
Description
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
Facts
- MLS#
- A11922740
- Subdivision
- OCEAN SIDE SEC-ISLE OF NO
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 1940
- Lot Size
- 0 sqft
- Sq. Ft.
- 4,732 ft²
- Sq. Mt.
- 440 m²
- Price per sq. ft.
- $452/ft²
- Price per sq. mt.
- $4,864/m²
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 127 days
- Listed
- Jan 7, 2026
- Last Updated
- Jun 12, 2026
- Price/Lot Sq.Ft.
- —
Comparable homes
Same ZIP, similar price + bedrooms.
$2,140,000
— bd · 0 ba · —
7124 Bay Dr, Miami Beach FL 33141
SOLD$2,050,000
— bd · 0 ba · —
345 85th St, Miami Beach FL 33141
SOLD$1,995,000
— bd · 0 ba · —
7801 Byron Ave, Miami Beach FL 33141
$1,950,000
— bd · 0 ba · 5,730 sqft
8321 Crespi Blvd, Miami Beach FL 33141
$1,900,000
— bd · 0 ba · 3,492 sqft
2120 Biarritz Dr, Miami Beach FL 33141
$2,400,000
— bd · 0 ba · —
7643 Harding Avenue, Miami Beach FL 33141
$1,810,000
— bd · 0 ba · 3,872 sqft
1791 Marseille Dr, Miami Beach FL 33141
$1,799,999
— bd · 0 ba · —
1975 71st St, Miami Beach FL 33141
Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
44
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 4/13/2026 | Price change | $2,140,000-10.5% |
| 1/7/2026 | Listed for sale | $2,390,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Polo Park Middle School6,7,8 · public · 0.7 mi
- Wellington Institute of Learning Developm
5,6,7,9,10,11 · private · 1.0 mi
- Forest Trail Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.4 mi
- Forest Trail Academy
1,2,3,4,5,6 · private · 1.4 mi
- New Horizons Elementary School
PK,KG,1,2,3,4,5,6,7 · public · 1.8 mi
- Panther Run Elementary School
PK,KG,1,2,3,4,5 · public · 1.8 mi
- Wellington High Adult Education Center
UG · public · 2.3 mi
- Wellington High School
9,10,11,12 · public · 2.3 mi
- Elbridge Gale Elementary School
PK,KG,1,2,3,4,5 · public · 2.5 mi
- Wellington Montessori Education
PK,KG · private · 2.6 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$13,323/mo
Principal & Interest
$11,390
Property Tax
$1,783
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
Similar listings nearby
More homes in Miami Beach around $2,140,000.
500 Alton Rd # 2207, Miami Beach FL 33139
912 Euclid Ave, Miami Beach FL 33139
361 Jefferson Avenue # 1, Miami Beach FL 33139
4531 Sheridan Ave, Miami Beach FL 33140
1623 Collins Ave, Miami Beach FL 33139
6301 Collins Ave # 1402, Miami Beach FL 33141