Single Family Residence
1920 Bay Dr
1920 Bay Dr, Miami Beach FL 33141 Get directions
$5,500,000
4 Beds · 4 Baths · 2,684 SqFt
See estimated monthly costThis listing is courtesy of Compass Florida, LLC. Andrew Rotondaro
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.
Facts & features
Interior
- Living area (sq ft)
- 2,684
- Full bathrooms
- 4
- First Floor Entry
- Family Room
Building & exterior
- Year built
- 1951
- Lot size (sq ft)
- 8,850
- Garage spaces
- 2
- Covered spaces
- 2
- Waterfront
- Yes
- Bay
- Ocean Access
- Ocean Front
- Driveway
HOA (homeowners association)
- No Restrictions
Taxes
- Annual tax
- $11,961
- Tax year
- 2026
- Parcel number
- 02-32-10-002-1250
Assigned schools
- Elementary
- Treasure Island
- Middle
- Nautilus
- High
- Miami Beach
Listing
- MLS number
- A12111786
- Property type
- Single Family Residence
- Price per SqFt
- $2,049
- Subdivision
- ISLE OF NORMANDY MIAMI VI
- On market since
- Oct 26, 2026
- Days on market
- 0
Estimated monthly cost
$32,933 per month
- Principal & interest (30 yr)
- $27,811
- Property tax
- $997
- Insurance (estimated)
- $4,125
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- Lincoln-Marti Community Agency 71
- Treasure Island Elementary
- KLA Schools of North Bay Village
- Kid''s Choice Learning Center - Miami Beach
- Le Petit Papillon Montessori School
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