$5,500,000
1920 Bay Dr, Miami Beach FL 33141
4 beds · 4 baths · 2,684 sq ft · Single Family Residence · Active
MLS# A12111786 · Listing courtesy of Compass Florida, LLC
Facts
- Bedrooms
- 4
- Bathrooms
- 4
- Living area
- 2,684 sq ft
- Price per sq ft
- $2,049
- Lot
- 8,850 sq ft
- Type
- Single Family Residence
- Year built
- 1951
- Exposure
- West
- View
- Bay
- Waterfront
- Ocean Access, Ocean Front
- Parking
- 2 garage spaces
- Taxes
- $11,961 (2026)
- Listed
- Oct 26, 2026
About this residence
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.
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Location
1920 Bay Dr, Miami Beach FL 33141Open in Google Maps
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Listing data last updated 10/26/2026, 3:00:57 PM ET.