4
Beds
4
Baths
2,684
SqFt
$2,049
$/SqFt
Mid-Tier HouseProperty Type
1951Year Built
$2,049/SqFtPrice per sq ft
2 carsParking Spaces
BayView
YesWaterfront
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.
Listing Courtesy Of: Compass Florida, LLC
Local Realty Services Provided By: Best of Luxury Realty
Updated: 0 Days agoPage Views: 0

Features

MLS Number: A12111786
Bedrooms
  • Bedrooms: 4
Bathrooms
  • Bathrooms: 4
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Deck
  • View: Bay
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry
  • Equipment / Appliances: WineCooler
  • Heating Description: Other
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Tile
  • Year Built: 1951
  • Year Built Description: Resale
  • Style: TwoStory
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
  • Elementary School: Treasure Island
  • Middle School: Nautilus
  • Senior High School: Miami Beach
Other Property Info
  • Garage: 2
  • Listing Date: 2026-10-26T09:23:25.000-00:00
  • Directions: West
Taxes, Fees & More
  • Taxes: 11961
  • Parking Description: Driveway

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Price History

Date
Event
Price
Change
Price Per
10/23/2026
Listed
$5.5M
 
$2,049 ft2
$22,057 m2
10/23/2026
$5.5M
Event
Listed
Price Per
$2,049 ft2
$22,057 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
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Community Snapshot
2 – 4 BR
Bedrooms
$725K – $13M
Price Tier
748 - 12,508
SqFt Range
1951
Year Build
5
Total Floors
178
Total Units

Subdivision Amenities

Elevators
Laundry
Maintenance
Pool

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