
Prime development opportunity in the highly desirable bay harbor islands market. This property is located in a walkable, high-demand neighborhood surrounded by luxury retail, dining, schools, places of worship, and just minutes from the beach, surfside, and bal harbour. The site features a 11,250 sf lot and includes 9 transferable development rights (tdrs), offering the potential to develop up to 9 residential units, subject to city approvals. This creates a rare opportunity for developers to maximize density in a market with limited land availability and strong end-user demand. Bay harbor islands continues to show sustained growth, limited inventory, and strong absorption, making this an attractive project for both luxury rental or condominium development. Disclaimer: all development potential, unit count, square footage, zoning, and use are subject to verification and approval by the town of bay harbor islands and other applicable authorities. Buyers are encouraged to conduct their own due diligence. Property is offered as-is. Showings by appointment only with advance notice. Please do not disturb tenants.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
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| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Ruth K. Broad Bay Harbor K-8 Center | 1155 93RD ST | public | 1249 | PK - 8 | 0.13 mi |
| Mater Academy (miami Beach) | 8625 BYRON AVE | public | 614 | KG - 8 | 0.96 mi |
| Lehrman Community Day School | 727 77TH ST | private | 300 | PK - 5 | 1.52 mi |
| Lanaar | 2225 NE 121ST ST | private | 84 | 1 - 4 | 1.54 mi |
| Biscayne Beach Elementary School | 800 77TH ST | public | 578 | PK - 5 | 1.59 mi |
| Happy Kids Private School | 7118 BYRON AVE | private | 9 | PK - 2 | 1.95 mi |
| Gan Katan | 7055 BONITA DR | private | 66 | PK - 4 | 2 mi |
| Mater Academy Bay Biscayne North Miami Elementary School | 12900 NE 17TH AVENUE | public | 496 | KG - 5 | 2.29 mi |
| David Lawrence Jr. K-8 Center | 15000 BAY VISTA BLVD | public | 1282 | PK - 8 | 2.29 mi |
| Stars Learning Center | 2140 VERDUN DR | private | 25 | PK - 2 | 2.31 mi |
| Von Wedel Montessori School | 11820 NE 13TH AVE | private | 44 | PK - 3 | 2.66 mi |
| Natural Bridge Elementary School | 1650 NE 141ST ST | public | 386 | PK - 5 | 2.67 mi |
| W. J. Bryan Elementary | 1201 NE 125TH ST | public | 622 | PK - 5 | 2.75 mi |
| Treasure Island Elementary School | 7540 E TREASURE DR | public | 399 | PK - 5 | 2.81 mi |
| Alhambra Heights Challenger School | 1200 NE 135TH ST | private | 56 | PK - 9 | 2.96 mi |
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