About This Home

This 4-bedroom, 4-bathroom single family at 1920 Bay Dr in Miami Beach, FL is listed for $5,500,000 ($2,049 per sqft). Built in 1951, the home offers 2,684 sqft of living space on a 0.20 acres lot.

Key Features

  • Built in 1951
  • 0.20 acre lot
  • 2 stories
  • Private pool
  • Waterfront

Property Details

2 stories
4 full
2-car garage
1951

Amenities

PoolWaterfrontA/C
Listing Description

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.

Monthly Cost Estimate

$29,415/mo

20% down · 6.5% · 30 years

Principal$3,978
Interest$23,833
Insurance$1,604

Estimates only. Actual payments may vary.

Location

1920 Bay Dr

Miami Beach, FL 33141

ISLE OF NORMANDY MIAMI VI

Features & Amenities

Interior Features

Bedroom on Main LevelFirst Floor Entry

Exterior Features

Deck

Property Details

Flooring

Tile

Construction

CBS (Concrete Block Structure) Block Frame Stucco

Pool Features

Pool

Outdoor Features

Deck

Parking

Driveway

Cooling

Central Air

Appliances

Wine Cooler

Questions & Answers

This 4-bedroom, 4-bathroom single family at 1920 Bay Dr is listed at $5,500,000 ($2,049/sqft). The estimated monthly payment is $29,415 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1951, 0.20 acre lot, 2 stories, Private pool, Waterfront. Interior Features: Bedroom on Main Level, First Floor Entry. Exterior Features: Deck.

This property is listed by Andrew Rotondaro.

AR

Andrew Rotondaro

License 3291089

Agent at Compass Florida LLC

Listed by Compass Florida LLC · Broker phone: (305) 851-2820 · View on Broker Site · Broker website

MLS# A12111786· Source: Miami REALTORS®· 4 days on PropertySimple

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1920 Bay Dr, Miami Beach, FL 33141

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