Home » Properties » 1060 98 St, Bay Harbor Islands FL 33154

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1060 98 St, Bay Harbor Islands FL 33154 - Prime Redevelopment Land

Commercial land zoned for multifamily or condominium development in Bay Harbor Islands, near new recreational and dog park.

$25,000,000

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MLS #A11707280

Listing Updated: 2026-07-17 00:41:49

Listed By: One Sotheby's International Realty

Overview

This premier redevelopment opportunity offers approximately 33,750 square feet of commercial land in Bay Harbor Islands, Florida. Zoned for multifamily, rental, condominium, or apartment use, the property allows for a building height up to 65 feet. Situated across from a new recreational and dog park, it currently includes three income-producing buildings, making it suitable for developers, investors, or builders seeking a medium-sized project. The location provides a unique chance to develop residential units in a vibrant community with growing amenities and accessibility.

Property Highlights

Approximately 33,750 SF commercial land; Zoned for multifamily/condo/apartments; 65 ft height allowance; Across from new recreational & dog park; Three income-producing buildings; Ideal for developers and investors.

Property Details

City: Bay Harbor Islands

State: FL

Zip Code: 33154

Address: 1060 98 St, Bay Harbor Islands FL 33154

Year Built:

Property Type: Commercial Land

Property Sub Type: Residential

Listing Office Name: One Sotheby's International Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $0

Days On Market: 573 Days

Original Listing Description

Premier Redevelopment Opportunity (Approx 33,750 SF). Zoned for multifamily, rental, condominium or apartments. Across from the new recreational & dog park. Currently three income producing buildings & zoning allows Multifamily / condo 65ft height. Perfect for a 1031 investor, medium sized builder, or for an investment portfolio. One-of-a-kind offering. Will not last!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1060 98 St, Bay Harbor Islands FL 33154

About This Neighborhood

Bay Harbor Islands is a well-regarded community known for its residential charm and growing amenities. The neighborhood benefits from its proximity to Miami Beach and the mainland, offering convenient access to urban centers while maintaining a quieter island atmosphere. The presence of new recreational facilities, including parks and dog areas, enhances the quality of life for residents. This area is attractive for multifamily developments due to its blend of tranquility and accessibility.

Walkability & Lifestyle

The property’s location in Bay Harbor Islands offers good walkability to local parks, recreational areas, and community amenities. Residents can enjoy nearby green spaces, including the new dog park, and have access to dining and shopping options within a short drive. The island’s layout encourages outdoor activities and easy access to waterfront areas, making daily living convenient and enjoyable for residents of multifamily or condominium developments.

Things To Do Nearby

Bay Harbor Islands provides a variety of lifestyle activities including waterfront dining, boating, and outdoor recreation. The nearby new recreational and dog park offers space for leisure and community gatherings. Residents can explore local shops, restaurants, and cultural venues in the surrounding Miami area. The community’s proximity to beaches and marinas supports an active lifestyle with options for golf, boating, and entertainment.

Nearby Schools

Bay Harbor Islands offers access to several reputable schools within a reasonable distance, providing families with convenient educational options. The community's location allows for easy commutes to nearby public and private schools, enhancing its appeal for residents with children. Educational facilities in the surrounding areas support a family-friendly environment, contributing to the neighborhood’s desirability for multifamily housing developments.

Why Buyers Like This Area

Buyers are drawn to Bay Harbor Islands for its unique island setting combined with close proximity to Miami’s urban amenities. The community’s peaceful environment, enhanced by new recreational facilities, appeals to those seeking a balanced lifestyle. Multifamily zoning and redevelopment potential make this property attractive for developers and investors looking to capitalize on the area’s steady demand and quality of life offerings.

Investment Potential

This commercial land in Bay Harbor Islands presents a solid redevelopment opportunity for investors interested in multifamily or condominium projects. The zoning allows for a 65-foot building height, accommodating medium-density residential developments. Its proximity to a new recreational and dog park increases the appeal for potential tenants or buyers, supporting demand for rental or ownership housing. The existing income-producing buildings offer interim cash flow, making it attractive for those looking to balance immediate returns with long-term redevelopment plans.

Market Trends

The Bay Harbor Islands real estate market has shown consistent interest in residential and multifamily properties due to limited available land and strong demand for housing near Miami. Redevelopment sites with zoning flexibility are particularly sought after as buyers look for opportunities to build modern residential communities. While inventory remains limited, properties with multifamily zoning and proximity to amenities tend to attract steady buyer interest, reflecting long-term confidence in the area’s growth potential.

Rental Income Potential

Given its location near new recreational amenities and the community’s residential appeal, this property holds potential for attracting tenants seeking quality multifamily housing. The existing income-producing buildings provide a foundation for rental income while redevelopment plans are considered. Seasonal demand and the area's desirability contribute to steady tenant interest, making this site a viable option for investors focusing on rental properties in Bay Harbor Islands.