1920 Bay Drive, Miami Beach, FL 33141

$5,500,000 — Active

Property Features

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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.

Property Details

  • Listing ID: A12111786
  • Status: Active
  • Listing Date: 2026-10-26
  • Property Type: Single Family Residence
  • Subdivision: ISLE OF NORMANDY MIAMI VI
  • County: Miami-Dade
  • MLS Area: 2320
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Living Area Sq Ft: 2,684
  • Year Built: 1951

Financial

  • List Price: $5,500,000
  • HOA Fee: None
  • Taxes: $11,961/yr

Features & Amenities

  • View: Bay
  • 55+ Community (HOPA): Yes
  • Parking: Driveway
  • Cooling: Central Air
  • Heating: Other
  • Flooring: Tile
  • Construction: Frame, Stucco, CBS
  • Roof: Shingle
  • Community Amenities: Other

Courtesy of Compass Florida, LLC
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RAPB

© 2026 Starfish Real Estate. Listings updated Nov 11, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.