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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.
| DAYS ON MARKET | 16 | LAST UPDATED | 10/26/2026 |
|---|---|---|---|
| TRACT | ISLE OF NORMANDY MIAMI VI | YEAR BUILT | 1951 |
| COMMUNITY | 32 | GARAGE SPACES | 2.0 |
| COUNTY | Miami-Dade | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Treasure Island |
|---|---|
| Jr. High School | Nautilus |
| High School | Miami Beach |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Wine Cooler |
| AREA | 32 |
| CONSTRUCTION | BLOCK, Concrete, Frame, Stucco |
| GARAGE | Yes |
| HEAT | Other |
| INTERIOR | Master Downstairs |
| LOT | 8850 acre(s) |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 8850 |
| PARKING | Driveway |
| POOL | Yes |
| POOL DESCRIPTION | In Ground, Private |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | TwoStory |
| SUBDIVISION | ISLE OF NORMANDY MIAMI VI |
| TAXES | 11961 |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Ocean Access, Ocean Front |
| ZONING | 3900 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Compass Florida, LLC
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked. Data provided is deemed reliable but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
