1920 Bay Dr, Miami Beach, FL 33141

$5,500,000
4
BD
4
BA
2,684
SqFt

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List Price
$5,500,000
MLS#
A12111786
Subdivision
Isle Of Normandy Miami Vi
Status
ACTIVE
Type
Single Family Residential
Bedrooms
4
Full baths
4
Living Area
2,684

Property 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.

Additional Information

Days on Market
0
View
Bay
Waterfront Description
Ocean Access, Ocean Front
Tax Amount
$11,961
Water Access
Boatlift, Deeded Dock, Dock Available
Pool
Yes
Parcel Number
02-32-10-002-1250
Pool Description
In Ground
#Garage Spaces
2
Bedroom Description
At Least 1 Bedroom Ground Level
Front Exposure
West
Lot Size
8,850
Parking Restrictions
Driveway
Address
1920 Bay Dr, Miami Beach
Elementary School
Treasure Island
SqFt Liv Area
2,684
Year Built
1951
Design
Attached, Two Story
Development Name
Isle Of Normandy Miami Vi
Style
House
Middle School
Nautilus
Senior High School
Miami Beach
Restrictions
No Restrictions
Construction Type
CBS Construction, Frame With Stucco
Interior Features
First Floor Entry, Family Room
Section
10

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Listing Courtesy of Compass Florida, LLC, Contact: