Exceptional Development Opportunity in Bay Harbor Islands Income-Producing 4-Unit Multifamily with 23,000+ Buildable SF Currently 8 Bedrooms + Dens on each unit and 8 Bathrooms. Ideally located on 94th Street in the heart of Bay Harbor Islands, this 11,250 sq ft, steps from one of the county’s top-rated K–8 schools, world-class shopping, dining, and pristine beaches. Zoned RM-2, the property offers prime redevelopment potential with approximately 23,000 buildable square feet, allowing for up to 14 luxury condominium or townhouse residences. The existing structure is a fully operational 4-unit multifamily generating steady income while offering immediate upside for investors and developers.
For sale
$3,799,999
1040 94th St, Miami Beach, FL 33154
8beds
8baths
4,878sqft
Est.:
Quadruplex
Built in 1956
-- sqft lot
$-- Zestimate®
$779/sqft
$-- HOA
What's special
- 26 days
- on Zillow |
- 233 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: July 13, 2025 at 06:48pm
Listed by:
Richard Sragowicz 305-333-0183,
Citadel Realty,
Richard Sragowicz 305-333-0183,
Citadel Realty
Source: MIAMI,MLS#: A11837608
Originating MLS: A-Miami Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Other
Interior area
- Total structure area: 10,425
- Total interior livable area: 4,878 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
Features
- Stories: 2
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 1322340050001
- Zoning: 0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- CBS Construction
- Roof: Other
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Subdivision: Bay Harbor,Bay Harbor Gardens
HOA
- Has HOA: Yes
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $779/sqft
- Annual tax amount: $18,460
- Date on market: 7/9/2025
- Listing terms: All Cash,Conventional
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