Bay Harbor Islands – Boutique Development Opportunity

– Lot Size / Zoning: 11,250 SF, RM-2

– Current Improvement: 4-unit multifamily

– Development Potential: Up to 9 luxury residences (~20,000 SF/ 7 stories)

Prime Location & Lifestyle:

– Steps from Bal Harbour Shops, fine dining, synagogues, schools, and cultural institutions
– Walking distance to the beach
– Minutes from Four Seasons Surf Club, St. Regis, and other high-end hotels
– Surrounded by successful new luxury developments: Indian Creek Residences, La Maré, La Baia, The Well, among others

Why This Property Stands Out:

– Limited land availability in Bay Harbor Islands
– Recent land comp sold for $4.15M
– Strong market demand: Solina units preselling at $1,100–$1,200/SF
– Cleared the 50-year inspection