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1940 Bay Drive

$18,800,000

1940 Bay Dr, Miami Beach, FL 33141

Active
Last Updated: 07/23/2025

29,213 sqft

Building Size

23

Units

Details:
Building Size:    29,213 sqft
Units:    23
Year Built:    1955
Description:

- Exceptional opportunity In Miami Beach with 216 ft of direct Biscayne Bay frontage
- Coveted SW exposure with 5+ miles of unobstructed views direct to the Downtown Miami Skyline
- The oversized 35,400 sqft lot currently has an income producing apartment complex
- Unique zoning allows for Apartments, Condos or Villas/Single Family Homes
- Site Plan approved for a luxury boutique condo building designed by Revuelta
- The site is easily subdividable into 2, 3 or 4 Single Family Homes with unique RM-1 zoning
- Overlooking La Gorce Island, and world famous North Bay road
- Minutes to Palm Tree Club, Normandy Golf Course, North Bay Village, Miami Beach Paddle Club, and lively North Beach
- 15 Min Drive to South Beach, Surfside, Bal Harbor Shops, Design District & Mimo

Map:
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