For sale Home

Listed Oct 26, 2026

$5,500,000 Est. $36,377/mo

1920 Bay Drive

  • 4

    Beds

  • 4

    Baths

  • 2,684

    Sq ft

The story

  • Pool
  • Waterfront

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.

Facts & features

Home type

Home

Year built

1951

Floors

2

Price per sq ft

$2,049

Parking

2-car garage

Included features

  • Pool

    Yes

  • Cooling

    Central Air

  • Appliances

    Wine Cooler

  • Flooring

    Tile

  • Roof

    Shingle

  • Lot Information

    Flood Zone, Less Than Quarter Acre

  • Exterior

    Deck

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$36,377 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $29,273
  • Property tax $5,500
  • Insurance $1,604

Includes principal, interest, taxes & insurance.

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Listing Broker

Compass Florida, LLC

Broker Name

Compass Florida, LLC

Agent

Andrew Rotondaro

Location

Miami FL 33139