1920 Bay Dr - Development Opportunity

DEVELOPMENT OPPORTUNITY 1920 BAY DRIVE MIAMI BEACH FL 33140

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PROPERTY DESCRIPTION PARCEL PARCEL ID : 02-3210-002-1250 SUBDIVISION:

ISLE OF NORMANDY MIAMI VIEW SEC PART 1

ACRES:

0.2AC

LEGAL DESCRITION:

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

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LAND SQ FT:

8,850

1999 1 PRIMARY ZONE :

3900 MULTI-FAMILY - 38-62 U/A

PRIMARY LAND USE:

0802 MULTIFAMILY 2-9 UNITS

PROPERTY INFORMATION BEDS/ BATHS/ HALF :

4/4/1

FLOORS: 2 LIVING UNITS : 2 ADJUSTED AREA : 3,427 SF LOT SIZE: 8,850 SF

RARE DEVELOPMENT OPPORTUNITY 1920 Bay Drive, Miami Beach FL

This prime waterfront property offers a unique chance to craft a landmark residential project in one of the most sought-after locations in South Florida.

Property Highlights Prime Wide Bay Property: 8,850 sq ft lot with 57 feet of wide bay water frontage.

Grandfathered Boat Dock & Pilings: Adding significant value and appeal to this already desirable property.

Flexible Zoning (RM-1): Flexible (RM-1) Zoning, allowing for a variety of development types including single-family homes, townhomes, and apartments.

Generous building parameters with a maximum Floor Area Ratio (FAR) of 1.25 Height Advantage: A maximum allowable height of 55 feet provides an opportunity for dazzling views and architectural prominence.

No Historic Designation: The property is free from historic designations, simplifying the demolition process and providing a straightforward path to development.

This property represents an exceptional residential development opportunity.

View from the second-floor primary bedroom in the existing home.

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NOTES

JEFF MORR

DAVID NGUAH, P.A.

BROKER ASSOCIATE

REALTOR ASSOCIATE

786.200.5005

786.200.3966

JEFF.MORR@ELLIMAN.COM

DAVID.NGUAH@ELLIMAN.COM