Premier Brokers International
Property photos —
New listingMLS listing sourceMIAMI REALTORS® MLS
New listingMLS® A12112742
$1,990,000

7124 Bay Drive, Miami Beach, FL 33141

Beds
—
Baths
0
Sqft
4,732
Est. payment$13,686/mo
Home type
Quadruplex
Year built
1940
Lot size
—
Price / sqft
$421
HOA
$0/mo
Community
OCEAN SIDE SEC-ISLE OF NO

Property description

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 1-bedroom/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 A/C 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 & 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.

Listing activity

Days on market
0
Listed
Oct 30, 2026
MLS listing updated
Oct 31, 2026
Feed last checked
12 minutes ago

Listed by Brigitte Lina · One Sotheby's International Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0

Rooms & features

Flooring
Tile, Wood

Heating & cooling

Heating
Separate Meters, Electric
Cooling
Ceiling Fan(s)
Property

Exterior

Stories
2
Building area
4,732 sqft
Patio & porch
Patio
Pool
No
Waterfront property
No

Lot

Zoning
4800
Construction

Type & style

Home type
Quadruplex
Structure type
Multi Family
Year built
1940

Materials

Construction
CBS
Roof
Shingle
Utilities & green energy

Utilities

Electric
Circuit Breakers
Sewer
Public Sewer
Water
Public
Utilities
Cable Available
Community & HOA

Community

Subdivision
OCEAN SIDE SEC-ISLE OF NO
MLS area
2320

Association

Has association
No
Estimated monthly dues
$0
Lease details

Not reported by the listing source.

Location

Area details

City
Miami Beach
County
Miami-Dade
ZIP code
33141
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12112742
Possession
Negotiable
Original list price
$1,990,000
Parcel number
0232100130320
Annual property tax
$28,380
Tax year
2025
Tax legal description
OCEAN SIDE OF ISLE OF NORMANDY PB 25-60 LOT 5 LESS S50FT BLK 3 LOT SIZE 63.330 X 75 OR 23582-2898 07 2005 2 (2) COC 26296-4755 03 2008 2
Additional MLS details

Reported by the listing source

Association
No
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
Building Area Total
4732
Construction Materials
CBS
County Or Parish
Miami-Dade
Days On Market
0
Elementary School
Treasure Island
High School
Miami Beach
List Price
1990000
Listing Contract Date
2026-10-30
Living Area
4732
MLSArea Major
2320
Middle Or Junior School
Miami Beach Nautilus
Mls Status
Active
On Market Date
2026-10-30
Patio And Porch Features
Patio
Photos Count
22
Postal Code
33141
Property Sub Type
Quadruplex
Property Type
Residential Income
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-10-30T04:00:00Z
Stories Total
2
Subdivision Name
OCEAN SIDE SEC-ISLE OF NO
Water Source
Public
Tax Annual Amount
28380
Pool Private
No
Waterfront
No

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Oct 30, 2026ListedMIAMI REALTORS® MLS$1,990,000$421/sqft

Public tax history

YearProperty taxesAssessment
2025$28,380—

Payment calculator

Estimated monthly payment$13,686/moIllustrative estimate, not a loan offer.
Principal & interest
$10,326
Property taxes
$2,365
Insurance
$995
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

OCEAN SIDE SEC-ISLE OF NO

Miami Beach · Miami-Dade County · 33141

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Treasure IslandElementary
—
Miami Beach NautilusMiddle
—
Miami BeachHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of One Sotheby's International Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.