Rare wide open bay waterfront development or redevelopment opportunity in Miami Beach. Situated on an expansive 8,850 SF lot with direct Biscayne Bay frontage, 1920 Bay Drive offers breathtaking, unobstructed panoramic views of the wide bay and Downtown Miami skyline. The views are unmatched at this price-point. Located in the desirable Normandy Isles neighborhood, this exceptional property presents an opportunity to redevelop a luxury waterfront estate or create a boutique condominium project. Featuring RM-1 zoning, a 1.25 FAR allowing approximately 11,000 SF of buildable floor area, and a potential building height of up to 55 feet, the property offers tremendous development possibilities. Enjoy direct ocean access with no fixed bridges and existing grandfathered dock pilings for a boaters paradise. A very rare opportunity to create a landmark waterfront residence or exclusive boutique development in one of Miami Beachs hottest residential neighborhoods.
Listed By
Agency Name: Compass Florida, LLC
Agency Phone: 305-851-2820
Shown By
Agent Name: Debra Parsons
Agent Phone: Cell: (754) 234-2951
Agency Title: Realty 100
Estimated Payment
$ 14,841.53 per month $12,240.62 Principal & Interest $996.75 Property Tax $1,604.17 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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1920 Bay Dr | MLS# A12111786
This single family home located at 1920 Bay Dr , Miami Beach, FL 33141 is currently listed for sale with an asking price of $5,500,000. This property was built in 1951 and has 4 bedrooms and 4 full baths with 2684 sq. ft. Bay Dr is located in the ISLE OF NORMANDY MIAMI VI subdivision. Search ISLE OF NORMANDY MIAMI VI real estate on dparsons.realty100.com today.