How do I schedule a tour of 7124 Bay Drive, Miami Beach, FL 33141?

Use the Tour button on this listing to request a showing of 7124 Bay Drive, Miami Beach, FL 33141. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.

Is 7124 Bay Drive, Miami Beach, FL 33141 still available?

7124 Bay Drive, Miami Beach, FL 33141 is currently listed as Active, and has been on the market 216 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 7124 Bay Drive, Miami Beach, FL 33141?

With 20% down ($428,000) on the $2,140,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 7124 Bay Drive, Miami Beach, FL 33141 is about $11,247/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 7124 Bay Drive, Miami Beach, FL 33141?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 7124 Bay Drive, Miami Beach, FL 33141. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.

What schools serve 7124 Bay Drive, Miami Beach, FL 33141?

7124 Bay Drive, Miami Beach, FL 33141 is zoned for Treasure Island (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 7124 Bay Drive, Miami Beach, FL 33141?

Often, yes. The right offer on 7124 Bay Drive, Miami Beach, FL 33141 depends on how it's priced against comparable multi-family sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity Realty will run the comps and help you craft a competitive, well-supported offer.

Active

216 Days on Market

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$2,140,000

7124 Bay Drive

Miami Beach, FL 33141

OCEAN SIDE SEC-ISLE OF NO

Explore the area: Miami Beach homes for sale · Miami Dade County real estate

Bedrooms

Bathrooms

4,732

Living Sq Ft

1940

Year Built

Estimated monthly payment

$11,247 /mo

Principal and interest only, based on $428,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

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Listing Snapshot

Price: $2,140,000
Days on Site: 216 Days
Bedrooms: 0
Total Baths: 0
Living Area: 4,732 sqft
Total Sq Ft: 4,732 sqft
Year Built: 1940
Property Type: Multi-Family
MLS #: A11922740
Property Tax: $28,380 (2025)
Subdivision: OCEAN SIDE SEC-ISLE OF NO
County: Miami Dade
Status: Active

About This Property

Exceptional Turnkey Investment Opportunity in Miami Beach Fully leased 8-unit multifamily property offering strong income and long-term upside. The building comprises 4 studios and 4 1BD/1BA units, all well-maintained. Property highlights include: impact windows throughout, split A/C units in every apartment, full kitchens and updated bathrooms, and upgraded electrical and plumbing systems. Succesffully Completed 40-years certification. The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods. Highly desirable Normandy Isles neighborhood, minutes to the beach, public transportation, shops, restaurants, and major Miami destinations. High rental demand and low vacancy area.The neighborhood is transitioning from a somewhat quiet into a vibrant, upscale, and highly desirable upcoming luxury community

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General Features

Property Type: Multi-Family
Status: Active
Year Built: 1940
Number of Stories: 2
Living Sq Ft: 4,732
Total Sq Ft: 4,732
Structure Type: Multi Family
Sewer: Public Sewer
Water Source: Public
Zoning: 4800

Interior Features

Cooling: Ceiling Fans
Heating: Central / Separate Meters
Flooring: Other / Tile / Wood

Exterior Features

Construction: Block
Roof: Shingle
Exterior Features: Outdoor Living Area
Patio & Porch: Patio

Community & HOA

Utilities: Cable Available
Financing Terms: Cash / Conventional / Cryptocurrency / FHA / Va Loan
MLS Area: 2320

Schools

Elementary School: Treasure Island
Middle School: Miami Beach Nautilus
High School: Miami Beach

About the Area

Miami Beach

View Miami Beach Real Estate →

Browse Miami Beach homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami Beach includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami Beach listings below. Then connect with a Pure Equity Realty agent to schedule a private showing.

Homes for Sale: 2,369
Under Contract: 300
Median List Price: $650,000
Median Sale Price (August): $625,000
Median $/Sq Ft: $692
Avg Days on Market: 163

View all 2,369 homes for sale in Miami Beach →

Frequently Asked Questions

How do I schedule a tour of 7124 Bay Drive, Miami Beach, FL 33141?: Use the Tour button on this listing to request a showing of 7124 Bay Drive, Miami Beach, FL 33141. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.
Is 7124 Bay Drive, Miami Beach, FL 33141 still available?: 7124 Bay Drive, Miami Beach, FL 33141 is currently listed as Active, and has been on the market 216 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 7124 Bay Drive, Miami Beach, FL 33141?: With 20% down ($428,000) on the $2,140,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 7124 Bay Drive, Miami Beach, FL 33141 is about $11,247/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 7124 Bay Drive, Miami Beach, FL 33141?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 7124 Bay Drive, Miami Beach, FL 33141. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.
What schools serve 7124 Bay Drive, Miami Beach, FL 33141?: 7124 Bay Drive, Miami Beach, FL 33141 is zoned for Treasure Island (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 7124 Bay Drive, Miami Beach, FL 33141?: Often, yes. The right offer on 7124 Bay Drive, Miami Beach, FL 33141 depends on how it's priced against comparable multi-family sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity Realty will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of One Sotheby's International Realty

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.

$2,140,000