Bay Harbor Islands Development Opportunity
An exceptional opportunity to develop in a prime location adjacent to Bal Harbor, Surfside, and the beachfronts of Miami’s most desirable neighborhoods. This 11,250 SF lot features a two-story building with 6 fully leased units and a private pool, generating income while redevelopment plans are prepared.
Development Potential: Zoned for a boutique mid-rise with 12-14 units or 6 luxury townhomes, offering the opportunity to create high-end residences with private garages, rooftop amenities, and spa pools.
Situated in Bay Harbor Islands, a serene yet vibrant neighborhood adjacent to Bal Harbor and Surfside. Enjoy convenient access to world-class shopping, fine dining, the highly-rated BHI K-8 school, community tennis courts, and more.
1130 102nd St, Bay Harbor Islands, FL, 33154
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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