7124 Bay Dr, Miami Beach, FL, 33141

7124 Bay DriveMiami Beach, FL 33141Price: $1,990,000

  • Price: $1,990,000
  • Est. Mortgage of $/month
$
$
%
$/month over payments
Federal 30-year interest rate: 7.18% last updated on Nov 5, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,990,000List Price
  • 4,732Square Feet

Prime Miami Beach Investment Opportunity! Fully Leased 8-Unit Multifamily with immediate cash flow and significant upside potential! Located in the highly desirable Normandy Isles neighborhood, this income producing property offers an exceptional mix of stable rental income, a prime location, and value add potential. Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1bedroom/1 bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained. Key improvements include impact windows throughout, upgraded plumbing systems, individual split air conditioning units, and freshly painted interiors. The 40-year certification is complete. The opportunity: capitalize on existing cash flow while unlocking future rental growth! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value. Ideally situated minutes from Miami Beach's beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club and Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer. 8 UNITS. 100% occupied. Immediate income. Value add potential. Prime Miami Beach Location.

Property Details of 7124 Bay Drive

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Mortgage Calculator


$
$
%
Est. Mortgage:
$/month over payments
Federal 30-year interest rate: 7.18% last updated on Nov 5, 2026. * The above figures are estimates provided by Union Street Media using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.
Listed by Brigitte Lina of One Sotheby's International Realty

The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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. Data last updated on November 10, 2026

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