Home in 1920 Bay Drive, Miami Beach, FL 33141 for sale with MLS# A12111786

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.

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1920 Bay Drive, Miami Beach, FL 33141

Price
Price:
$5,500,000.00
Original List Price:
$5,500,000.00
List Price per Sq Ft (Calculated, Approx.):
$2,049.18
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
New Listing
Last Major Update on:
October 26, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
4
Bathrooms Total:
4
Full Bath:
4
Room Type:
Family Room
Master Bedroom Bath:
Master Bdrm - Ground
Measures
Living Area:
2,684 Sqft
Built-Up Area:
4,487 Sqft
Lot Area:
8,850 Sqft
Lot Size Acres:
0.2
Property Features
View from the Property:
Bay
Waterfront:
Yes
Waterfront Features:
Ocean Access, Ocean Front, Bayfront
Frontage Length:
60
Private Pool
Swimming Pool Features:
In Ground
Patio and Porch:
Deck
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Other
Boat and Dock Features:
Lift, Deeded Dock
Property Entrance Faces:
West
Construction
Year Built:
1951
Roof:
Shingle
Levels:
Two
Entry Level (floor):
1
Construction Materials:
Frame, Stucco, CBS
Flooring:
Tile
Number of stories:
2
Flood Zone Code:
AE
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$11,961.00
Tax Year:
2026
Property Tax Details:
City/County
Parking
Garage
Garage Spaces:
2
Covered Spaces:
2
Parking Features:
Driveway
Utilities
Sewer:
Public Sewer
Water Source:
Public
Community
Amenities Provided by the Homeowner's Association (HOA):
Other
Subdivision Name:
ISLE OF NORMANDY MIAMI VI
Senior Community:
Yes
Restrictions:
No Restrictions
Community Dock
Terms
Listing Terms Considered by Seller:
Cash, Cryptocurrency, Owner Will Carry Points, Other
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
ISLE OF NORMANDY MIAMI VIEW SEC PART 1 PB 34-80 LOT 20 BLK 39 LOT SIZE 52.060 X 170 OR 18915-3183 11 1999 1
Real Estate Folio Number (Parcel Number):
0232100021250
Zoning:
3900
Public Schools Assigned
Elementary School:
Treasure Island
High School:
Miami Beach
Middle Or Junior School:
Miami Beach Nautilus
Listing History
Active on the market since:
October 26, 2026
Listing Agreement executed on:
October 26, 2026
Listing Status Last Changed On:
October 26, 2026 4:00 am
Photos updated on:
October 26, 2026 1:26 pm
Last Modified:
October 26, 2026 2:33 pm
Additional Information
Courtesy of:
Compass Florida, LLC
Attribution:
Not provided
Location
Street Name:
Bay
Street Number:
1920
City:
Miami Beach
State:
Florida
Zip Code:
33141
County:
Miami-Dade
Latitude:
N25° 50' 58.1''
Longitude:
W81° 51' 33.2''
Street Suffix:
Drive
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $64,457
Median Home Value $434,500
Median Rent $1,739/mo
Median Age 45
Population 36,016
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.