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Marcus & Millichap Closes $5.5 Million Sale of Ft. Lauderdale Multifamily
Marcus & Millichap has closed the $5.5 million sale of Bahia Beach, a six-story, 35-unit apartment building in Fort Lauderdale constructed in 1966.
“Bahia Beach was one of only a few rental buildings in the submarket,” said Evan Kristol, Marcus & Millichap executive managing director investments. “The property was delivered 100-percent vacant, which provides an excellent opportunity for the new owner.”
Kristol, Brandon Rex, Austin Michels and David Altman in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property. The buyer was a local developer and operator who purchased the multifamily asset from a private investment group.
Bahia Beach is located at 3030 Harbor Drive, one block from Fort Lauderdale Beach. The 17,167-square-foot site is zoned RMH-60, which allows for a 120-foot structure, along with bonuses up to 240 feet. The property is contiguous to the $1 Billion Bahia Mar redevelopment project.
- ◦Sale/Acquisition

