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
Days on Market
3
MLS#
A12111786
Year Built
1951
Bedrooms
4
Bathrooms
4
Living Area
2,684
Lot Size
8,850
Building Name
Isle Of Normandy Miami Vi

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

Taxes
$11,961
Community Features
Isle Of Normandy Miami Vi
Property Description
House
Zoning
3900
Interior Features
First Floor Entry, Family Room
Heating
Other
Air Conditioning
Central Air
Exterior Construction
CBS Construction, Frame With Stucco
Roof
Shingle
Pool Type
In Ground
Garage Spaces
2
Elementary School
Treasure Island
Middle School
Nautilus
High School
Miami Beach

Listing Courtesy Of Compass Florida, LLC, Contact:

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