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9424 - 9432 Carlyle Ave
About This Property
Rare 11,200 SF double-lot assemblage on Carlyle Ave, one of Surfside's most desirable residential streets. Both parcels (9424 and 9432) sold together, marketed strictly for land value as a turnkey development opportunity for a 6,000+ SF custom luxury residence.
The tenancy advantage: Both existing residences are on month-to-month tenancies. Under Florida Statute 83.57(3), a new owner can deliver written termination notice and take vacant possession within approximately 30–45 days of closing. No long-term leases, no eviction risk, no extended carrying costs - demo-ready, not tenant-entangled.
Site & development: 11,200 SF combined lot 100' x 112'
Folios: 14-2235-007-2250 & 14-2235-007-2260
Location: 2 blocks to Bal Harbour Shops, 3 blocks to Surfside Business District (Harding Ave), 5 blocks to the Atlantic Ocean, Walkable to Ruth K. Broad Bay Harbor K-8
Quiet, low-traffic residential street surrounded by recently built and renovated multi-million dollar estates. A clean, well-priced development play in one of South Florida's most supply-constrained luxury micro-markets.
Do not disturb occupants. Showings by appointment only with 24 hours notice. Listing agent will accompany.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 6, 2026 | Listed by The Corcoran Group | $4,250,000 | |
| Listed by The Corcoran Group | |||
| Sep 3, 2025 | Price Decreased |
$3,995,000
↓ $305K
(7.1%) | |
| Price Decreased | |||
| Sep 2, 2025 | Listed | $4,300,000 | |
| Listed | |||
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Rare Double Lot in the Heart of Surfside! An exceptional opportunity awaits in the highly sought-after town of Surfside. Just steps from the beach, world-class shops, restaurants, and more, this property offers unmatched convenience and lifestyle. Consisting of two separate lots, each with an existing single-family home currently leased, this unique offering provides immediate income potential with future redevelopment possibilities. One of the homes features a private pool, adding to the appeal. With the ability to combine the parcels, this is a rare chance to create a custom residence of 5,000+ square feet on a double lot in one of Miami’s most desirable coastal communities. Don’t miss your opportunity to secure a prime piece of Surfside real estate.
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| May 22, 2025 | Listed | $4,300,000 | |
| Listed | |||
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Unique Double Lot Opportunity in Prime Surfside Location. Introducing a rare opportunity to own two adjacent properties in the heart of Surfside, located at 9424 & 9432 Carlyle Ave, just steps from the world-renowned Bal Harbour Shops, the beach, restaurants, and more. This combined 11,200 SF lot features two single-family homes and a pool, offering endless potential for investors, developers, or end-users. Build your dream estate of 5,500+ SF on one of the most desirable streets in Surfside, or explore redevelopment options with this expansive footprint. Properties like this are extremely hard to find—especially in such a sought-after, walkable location. Folio:14-2235-007-2260 & Folio:14-2235-007-2250
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| May 16, 2025 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017