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1920 Bay Drive, Miami Beach, Florida 33141

Active For Sale
$5,500,000
  • Beds 4
  • Baths 4
  • Sq Ft 2,684 Sqft
  • Visits: 2 in 11 days

Description

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 Beach’s hottest residential neighborhoods.

Features

  • Swimming Pool: In Ground
  • Heating System: Other
  • Cooling System: Central Air
  • Patio: Deck
  • Parking: Driveway

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Miami Beach
  • Subdivision: ISLE OF NORMANDY MIAMI VI
  • Zipcode: 33141
  • Street: Bay
  • Street Number: 1920
  • Street Suffix: Drive
  • Floor Number: 0
  • Longitude: W81° 51' 33.2''
  • Latitude: N25° 50' 58.1''
  • MLS Area: 2320

MLS Addon

  • Association Amenities: Other
  • Association Fee: $0
  • Association Fee Frequency: Monthly
  • Carport Spaces:
  • Close Date:
  • Close Price: $0
  • Development Status: New Construction
  • Elementary School: Treasure Island
  • Exterior Features: Outdoor Living Area
  • Fireplaces Total: 0
  • Flooring: Tile
  • Garage Spaces: 2
  • High School: Miami Beach
  • Insurance Expense: $0
  • Interior Features: Main Level Primary
  • Levels: Two
  • Listing Terms: Cash, Other, Cryptocurrency, Owner Will Carry
  • Middle Or Junior School: Miami Beach Nautilus
  • New Taxes Expense: $0
  • Stories: 2
  • Stories Total: 2
  • Tax Annual Amount: $11,961
  • Tax Year: 2026
  • Water Front Features: Ocean Access, Ocean Front, Bayfront
  • Zoning: 3900

Location

Listing Updated: 2026-11-04 04:22:29

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : A12111786
  • Price : $5,500,000
  • View : Beach
  • Bedrooms : 4
  • Bathrooms : 4
  • Full Bathrooms : 4
  • Half Bathrooms : 0
  • Square Footage : 2,684 Sqft
  • Year Built : 1951
  • Lot Area : 0.20 Acre
  • Listing Status : Active
  • Days On Market : 10
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