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1940 Bay Dr, 
Miami Beach, FL 33141

$18,800,000

—

Bed

—

Bath

-

Sq Ft

0.81

Acres (Lot)

Land

Virtual Tour

Active

Listed by

Samuel Heskiel

Beachfront Realty Inc

Last updated:

August 3, 2025, 09:53 AM

MLS#

A11841772

Source:

SEFMLS

About This Land

1940 Bay Dr

- 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

Land Facts

Description/Design:

Land

Lot Size (Acres)

0.81

MLS #:

A11841772

Last Updated:

August 3, 2025, 09:53 AM

Finances & Disclosures

Finances

Price:

$18,800,000

Source:SEFMLS
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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