2011 Bay Drive

Miami Beach, FL 33141

$4,750,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

BayWest Isles (2011 Bay Drive) is a four-story fully-modernized Mediterranean style apartment building featuring 15 renovated units in the heart of North Beach. All 15 apartments consist of large 830+ square foot one-bedrooms. The property is fully occupied with a current average rent of $1,812. With significantly below-market rents, there is a potential rental upside of $71,400 annually (an average of $396+ per unit per month) aligning with current market rates.BayWest Isles (2011 Bay Drive) is a four-story fully-modernized Mediterranean style apartment building featuring 15 renovated units in the heart of North Beach. All 15 apartments consist of large 830+ square foot one-bedrooms. The property is fully occupied with a current average rent of $1,812. With significantly below-market rents, there is a potential rental upside of $71,400 annually (an average of $396+ per unit per month) aligning with current market rates.
  1. Listed by Max Loria • STL Advisors, LLC

Property Details for 2011 Bay Drive

Area
32
Auction
No
LISTING UPDATED: 08/26/2024 06:00 PM

Property Details for 2011 Bay Drive

StatusActive
MLS #A11648032
Days on Market123
Taxes$58,580 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1977
Lot Size0.17 AC / 7,266 SF
CountyMiami-Dade County

Building Information for 2011 Bay Drive

Stories-Residences-Year Built1977Building Size-Lot Size0.17 AC / 7,266 SF

Property Information for 2011 Bay Drive

Location Information
Location Information
  • Parcel Number Free Text: 02-32-10-002-1060
  • Parcel Number MLX: 1060
  • MLS Area: 32
  • Municipal Code: 1
  • Township Range: 32
  • Section: 10
  • Subdivision Number: 2
  • Unit Count: 1
  • Zoning Information: 3900
General Information
General Information
  • Prop Type-Type of Building: Commercial/Residential Income, Free Standing
  • Building Sq Ft: 12,508
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 15
Financial Information
Financial Information
  • Total Mortgage: $2,765,000
  • Flood Zone: AE

Property History for 2011 Bay Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2011 Bay Drive

Taxable ValueLand$726,600Additions$2,373,400Total$3,100,000
Tax Record2023$58,580 ($4,882 / month)
Home Facts
Total Finished SqFt12,508 SqFtAbove Grade Finished SqFt12,508 SqFtStories4Lot Size7,266 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977Zoning3900:MULTI-FACountyMIAMI-DADEAPN02-3210-002-1060

Schools near 2011 Bay Drive

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Treasure Island Elementary School
PublicPK to 5

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2011 Bay Drive is a multi-family home for sale in Miami Beach, FL 33141. This property was listed for sale on August 26, 2024 by STL Advisors, LLC, it's currently listed at $4,750,000. It has been on the market for a total of 123 days and was last sold on September 1, 2022. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Treasure Island Elementary School, Air Base K-8 Center for International Education and Nautilus Middle School. 2011 Bay Drive is a 0-bed, 0-bath, multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of STL Advisors, LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.