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1920 Bay Drive

Miami Beach FL 33141

4
4
2
4487 sq. ft.
0.2 ac.
Single-Family
Currently for sale - view listing

Overview

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

4 bedrooms
4 bathrooms
2 carspaces
2 garage spaces
4487 sq. ft. floor area
0.2 ac. lot size
Single-Family

Property history for 1920 Bay Drive

2025
Sold
$4,700,000
14 Mar 2025 by David Nguah, of DOUGLAS ELLIMAN

Happy sellers in Miami Beach

95%
95% of sellers in Miami Beach reported that their sale price either exceeded or met their price expectations.

Miami Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Miami Beach over the last 12 months.

Local market activity for 4 bedroom single-family properties in Miami Beach

In the last 12 months, 31 four-bedroom single-family properties similar to 1920 Bay Drive, have been sold.

This represents a 12% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

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