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Active - House for sale

1920 Bay Dr, Miami Beach FL 33141

4 bds|4 bth|2,684 sqft

Facts & features

House Property type
19 days on Beycome
1951 Year built
$2,049 Price/Sqft.
2 car garage Parking

Why you’ll love it

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.

Translating description...

Listings courtesy of Compass Florida, LLC.

Listed by: Andrew Rotondaro • 917-696-7141 • Compass Florida, LLC

Co-listed by: Compass Florida, LLC

Source: Miami MLS, MLS#: A12111786 Miami MLS logo

Based on info available as of Nov 13, 2026 at 7:00 PM EST.

Come see by yourself

Affordability

$3,575,000$7,425,000
1%20%
0%90%
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Estimated monthly payment

$28,808/mo

  • Mortgage$27,811
  • Property tax$997
  • HOA fee
  • Homeowners insurance
Due at closing$4,372,500
Down payment held in escrow$1,100,000
Closing costs$82,500
beycome credit Est.$110,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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$110,000 Credit back

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Travel times

About Isle Of Normandy Miami Vi

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Flood & climate risk

FEMA Flood Zone AE

In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.

More details

Base flood elevation: 8 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 13, 2026 at 07:00pm EST.

$5,500,000 Listed price

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$110,000 Credit back

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