Bal Harbor Real Estate Search

Bal Harbor Multi-Family Properties for Sale

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Newest Bal Harbor Multi-Family Homes for Sale

$885,000
A12029788 MLS Hollywood BLDG.
Rare opportunity to own an income-producing triplex with future redevelopment potential. This property features one 2-bedroom, 2-bath unit on the first floor and two 1-bedroom, 1-bath units on the second floor. The two 1-bedroom units are leased annually and the 2-bedroom unit is on a month-to-month lease, providing flexibility for an owner-occupant. Renovated in 2023 and offered furnished, the property features porcelain flooring, a marble staircase and entrance, updated kitchen appliances, newer HVAC systems and window units (2024-2025), three water heaters installed in 2025, impact windows throughout except the front windows, keyless entry, security cameras, three separate electric meters, no popcorn ceilings, and parking. The roof was fully replaced in May 2026. Located just minutes from the beach, shopping, dining, and major expressways, this property offers more than just current income. Zoned PS-2 (Parkside Medium Intensity Multi-Family District), the property allows short-term rentals (Airbnb) creating additional income opportunities. The unique lot configuration, unlike neighboring properties, potentially allows for the construction of up to 9 units as the building is positioned toward the rear of the lot (Buyer to verify all redevelopment and zoning possibilities with the city). This triplex offers exceptional value in a growing area with opportunities to have immediate cash flow, short-term rentals or future development potential.

1940 Adams St, Hollywood

$13,995,000
B26037148 MLS Bella Villaggio BLDG.
Presenting a unique opportunity to acquire Bella Villaggio, a sixteen (16) unit luxury townhome complex located in the heart of Tequesta, Florida. Built in 2017, these townhomes were meticulously constructed with attention to detail and high end finishes (these units were originally built to be sold to individual buyers). Bella Villaggio is the most luxurious townhome community you can acquire in its entirety anywhere in Palm Beach County. The oversized units average over 2,000 air-conditioned square feet. In addition, every unit includes a two-car garage, designated driveway, and each unit has its own private rooftop deck. The property is available below replacement cost. Between land, hard and soft costs, high-end new townhome development is well over $500 per square foot and Bella Villaggio is being offered at an attractive price of less than $435 per square foot. The complex consist of three separate buildings, A, B, and C. Buildings A and B include five (5) townhomes each for a total of ten and they each feature the larger floor plans, which are all 4 BD, 3BA townhomes with the corner units boasting 2,198 Living SF and the interior units with 2,210 Living SF. Building C ion the north side of the complex consists of six (6) 3BD, 2.5BA townhomes with the corner units featuring 1,733 Living SF and the interior units with 1,696 Living SF. The entire complex has 32,302 Living SF between all sixteen townhomes and 70+ total parking spaces, which makes this the ideal rental community capable of comfortably housing numerous types of tenants. The seller owns 100% of the complex so this is not considered a "fractured" condo sale. The townhomes are separately deeded (sixteen different folio numbers) which provides flexibility to rent the units out short term, long term, and/or sell each townhome at any given time. There are high-end finishes throughout the townhomes that are representative of a high-end, new construction townhome community being marketed to end users. Every unit features fully plumbed natural gas, 10-foot high ceilings, stainless steel JennAir appliances, quartz countertops with porcelain backsplashes, metal roofs, complete hurricane impact windows and doors, gas powered tankless water heaters, two car garages with private driveways, and rooftop decks overlooking the gorgeous scenery. Several scenarios are available to buyers including, but not limited to, the following; 1) Traditional rentals - These uniquely positioned townhomes attract various tenant types due to the highly desired location and the opportunity to reside in a high-end product at a reasonable rental rate. 2) Short Term Rentals (Airbnb) - The property is zoned "R-2" which allows for short-term rentals aka vacation rentals. Property owners must obtain a vacation rental permit from the Village of Tequesta Building Department prior to the commencement of any vacation rentals. 3) Individual Unit Sales - All sixteen townhomes are separately deeded and each unit has an individual parcel control number, allowing for individual townhome sales to end users, without having to condominiumize the complex prior to marketing these units to end users and buyers. Do not miss your opportunity to own one of the hidden gems in Palm Beach County at a price that sits well below current replacement cost.

3770 County Line Road, Tequesta

$679,850
B26036914 MLS
Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

2531 Pierce Street, Hollywood

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