Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

1920 Bay Dr, Miami Beach FL 33141

House For Sale
$5,500,000

BTC: 69.18238994

ETH: 2,334.75257990

New
Waterfront
4 bds
4 ba
2,684 sqft

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.

Location

Details

Type:
Residential
Parking:
Driveway
Year Built:
1951
Lot:
8850 Square Feet
Heating:
Other
Price/sqft:
$2,049
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$4,150,000
$2.3M – $5.7M
Confidence Low
List vs. estimate
$1.4M above estimate
List $5,500,000 · +32.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$2,049
+101.8% vs. city median $1,015
Based on
9 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $318K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,961
2026
Pool
In Ground
View
Bay
Waterfront
Ocean Access, Ocean Front
Garage
2 car garage
All facts and features
  • Flooring

    • Tile

    Heating

    • Other

    Cooling

    • Central Air

    Other interior features

    • First Floor Entry

    • Family Room

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 4

  • Parking

    • Driveway

    Lot

    • Lot: 8850 Square Feet

    Other Property Information

    • Parcel Number: 02-32-10-002-1250

    • Zoning: 3900

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $11,961

  • Source details

    • MLS ID: A12111786

    Other facts

    • Construction Materials: CBS Construction / Frame With Stucco

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Deck

    • Pool Features: In Ground

    • Direction Faces: West

    • Architectural Style: Attached / Two Story

    • Waterfront: Yes

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 2684

    • Water Source: Municipal Water

    • Subdivision Name: ISLE OF NORMANDY MIAMI VI

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

For Sale
$4,495,000
Condo/Co-op
2 bds · 2 ba · 2,668 sqft
4701 NORTH MERIDIAN CONDO, Miami Beach
4701 N Meridian Ave # 304, Miami Beach FL 33140
New
For Sale
$6,900,000
Condo/Co-op
4 bds · 3 ba · 3,567 sqft
THE SURF CONDO,Surf, Miami Beach
5845 Collins Ave, Miami Beach FL 33140
New
For Sale
$5,250,000
Commercial
0 room(s)
Miami Beach
1795 Calais Dr, Miami Beach FL 33141
New
For Sale
$4,500,000
Condo/Co-op
2 bds · 2 ba · 1,457 sqft
8701 COLLINS AVE CONDO,87 Park, Miami Beach
8701 Collins Ave # 404, Miami Beach FL 33154
New
For Sale
$3,950,000
Condo/Co-op
4 bds · 4 ba · 3,360 sqft
ST TROPEZ OCEAN CONDO, Miami Beach
7330 Ocean Ter # B, Miami Beach FL 33141
New
For Sale
$4,000,000
House
5 bds · 5 ba
ALTOS DEL MAR NO 6, Surfside
9416 Abbott Ave, Surfside FL 33154
New
For Sale
$4,850,000
Condo/Co-op
2 bds · 2 ba · 1,773 sqft
8701 COLLINS AVE CONDO,Eighty Seven Park, Miami Beach
8701 Collins Ave # 606, Miami Beach FL 33154
New
For Sale
$6,150,000
Condo/Co-op
2 bds · 3 ba · 2,721 sqft
BAL HARBOUR CENTER CONDO, Bal Harbour
9703 Collins Ave # 400, Bal Harbour FL 33154

Market around this address

Live counts in the same area.
View all

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC