7124 Bay Dr, Miami Beach FL 33141
1940
Year Built
2
Stories
162
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#
- A11924424
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Income/MultiFamily
- Year Built
- 1940
- Lot Size
- 5,250 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 162 days
- Listed
- Dec 3, 2025
- Last Updated
- Jul 3, 2026
- Price/Lot Sq.Ft.
- $408/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
$2,140,000
— bd · 0 ba · 4,732 sqft
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 · —
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— bd · 0 ba · 3,492 sqft
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$1,810,000
— bd · 0 ba · 3,872 sqft
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Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
36
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% |
| 12/3/2025 | 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.
Precious Time Childcare & Learning CenterPK,KG · private · 0.4 mi
- Golden Mittens Montessori
PK,KG,1,2,3,4,5 · private · 0.4 mi
- Discover Montessori Academy-PSN
PK,KG,1 · private · 0.4 mi
- Early Years Academy
PK,KG,1 · private · 0.5 mi
- Country Club Middle School
6,7,8 · public · 0.7 mi
- Little College Club
PK,KG · private · 0.7 mi
- New Dawn Day Care
PK,KG · private · 0.7 mi
- Palm Springs North Elementary School
PK,KG,1,2,3,4,5,6,7,8 · public · 0.8 mi
- Springview Academyinc
PK,TK,KG,1,2,3 · private · 0.8 mi
- Bob Graham Education Center
PK,KG,1,2,3,4,5,6,7,8 · public · 0.9 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
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