Shlomi Ben-Shmuel Acquires Bay Harbor Islands Multifamily For $4.5M

Located in Bay Harbor Islands, this multifamily property at 10271 E Bay Harbor Dr has recently been sold in a closed transaction. The sale was facilitated by Jonathan F. Castaneda P.A. from The JFC Luxury Group Miami Real Estate, who represented the seller Marjorie Murray. The buyer, Shlomi Ben-Shmuel, acquired the property for a total sale price of $4,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Address: 10271 E Bay Harbor Dr
• Market: Bay Harbor Islands
• BROKER: Jonathan F. Castaneda P.A. - The JFC Luxury Group Miami Real Estate

Spanning across 11,500 square feet, the property consists of four units, resulting in an average price per unit (PPU) of $1,125,000. The price per square foot (PPSF) comes to $391, making it an attractive investment opportunity in the Bay Harbor Islands market.

The property holds significant potential for redevelopment into waterfront condos. Its prime location offers proximity to Bal Harbour Shops, Surfside, and Sunny Isles, providing residents access to various amenities and attractions. Additionally, the property boasts picturesque waterfront views and is within walking distance of the ocean, a synagogue, and a church. With its multi-family condo-residential zoning, the property suits a high-end, luxury living experience.

This transaction showcases the expertise of Jonathan F. Castaneda P.A. from The JFC Luxury Group Miami Real Estate, who represented the seller, Marjorie Murray. For further inquiries, Jonathan F. Castaneda P.A. can be reached at cell 305-766-5131 or via email at [email protected].