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 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. 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 ($398,000) on the $1,990,000 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 $10,458/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 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 will run the comps and help you craft a competitive, well-supported offer.

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$1,990,000

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

Price Check

How this price compares

List price: $1,990,000
Price per sq ft: $421
Original price: Unchanged
Days on market: N/A

This multi-family property in ZIP 33141 is listed at $1,990,000, or $421 per square foot.

Bedrooms

Bathrooms

4,732

Living Sq Ft

1940

Year Built

Estimated monthly payment

$10,458 /mo

Principal and interest only, based on $398,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

Customize this estimate

Listing Snapshot

Price: $1,990,000
Days on Site: 0 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 #: A12112742
Property Tax: $28,380 (2025)
Subdivision: OCEAN SIDE SEC-ISLE OF NO
Development: ISLE OF NORMANDY
County: Miami Dade
Status: Active

About This Property

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.

MLS media link

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: Electric / Separate Meters
Flooring: Tile / Wood

Exterior Features

Construction: CBS Concrete Block Structure / Block
Roof: Shingle
Exterior Features: Outdoor Living Area
Patio & Porch: Patio

Community & HOA

Utilities: Cable Available
Financing Terms: Cash / Conventional / Cryptocurrency
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 agent to schedule a private showing.

Homes for Sale: 2,151
Median List Price: $650,000
Median $/Sq Ft: $697
Avg Days on Market: 174

View all 2,151 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 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. 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 ($398,000) on the $1,990,000 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 $10,458/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 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 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. 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 November 14, 2026.

$1,990,000