2125 Bay Drive, Miami Beach, FL 33141

$2,575,000 — Active

Property Features

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Advanced multifamily development opportunity in prestigious Miami Beach! This prime 7,789 SF lot located at 2125 Bay Drive offers an established development path for a proposed 10-unit residential project. The current program contemplates a 4-level building featuring approx. 9,732 SF of buildable FAR area, 15,636 SF total gross building area, and 5 parking spaces under RM-1 zoning. The prior structure has been fully demolished, providing a clean site ready for advancement. Architectural and technical progress includes Design Review Board (DRB) approval under Case No. DRB23-0961. Building, structural, mechanical, plumbing, and electrical technical reviews have been completed through an external City review cycle. Master Permit remains pending, subject to final City comment responses, resubmittal, and issuance. An outstanding acquisition for developers or investment groups seeking to capitalize on significant pre-development progress in a high-demand coastal market. Buyer must independently verify all project details, plans, approvals, DRB status, permits, and zoning regulations directly with the City of Miami Beach and their professional advisors. Offered as an advanced development project and not as a shovel-ready site.

Property Details

  • Listing ID: A12101979
  • Status: Active
  • Listing Date: 2026-10-06
  • Property Type: Unimproved Land
  • Subdivision: ISLE OF NORMANDY MIAMI VI
  • County: Miami-Dade
  • MLS Area: 2320
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: N/A
  • Lot Dimensions: 7789

Financial

  • List Price: $2,575,000
  • HOA Fee: None
  • Taxes: $17,125/yr

Features & Amenities

Courtesy of Lamarca & Co. Inc
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RAPB

© 2026 Starfish Real Estate. Listings updated Nov 8, 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.