1920 Bay Drive, Miami Beach, FL 33141

$5,500,000 · Active

  • 4 beds
  • 4 baths
  • 2,684 sq ft
  • 13 days on market
  • Single Family Residence
  • Built 1951
  • Lot 8,712 sq ft
  • 4,487 sq ft total
  • 2 garage spaces
  • Miami-Dade County
  • MLS# A12111786
  • Isle Of Normandy Miami Vi
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About this home

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.

Features

Schools

  • Elementary: Treasure Island
  • Middle: Miami Beach Nautilus
  • High: Miami Beach

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Compass Florida, LLC · mlsfl@compass.com · Listing agent: Andrew J Rotondaro

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 1920 Bay Drive.

Before You Make an Offer

Buying a beachfront home in Florida

Your Waterfront Buyer May Already Be Working With Us

BreakThru Realty works with buyers searching for waterfront homes with ocean access, no fixed bridges, deep water, private docks and Intracoastal frontage. Boaters know the vessel they need to keep behind the house, and they tell us. If you own a waterfront home, a broker can compare its frontage, dock and route to the ocean with those requirements and discuss a potential buyer match before you list.

BreakThru Realty works with hundreds of prequalified buyers searching for properties. Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.

Find Out If We Have Your Buyer · Discuss Selling With BreakThru Realty

A potential match is a conversation, not an offer, until the buyer sees your property and makes one. No buyer is named and nothing about your property or business is shared until you decide to proceed.

Questions About 1920 Bay Drive

How much is 1920 Bay Drive?
1920 Bay Drive is listed at $5,500,000, which is about $2,049 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 1920 Bay Drive?
The listing reports annual property taxes of $11,961 for 2026. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 1920 Bay Drive built?
1920 Bay Drive was built in 1951 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 1920 Bay Drive been on the market?
1920 Bay Drive has been listed for 13 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Is 1920 Bay Drive waterfront?
Yes. The listing describes the water as ocean access bayfront ocean front. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.
Which schools serve 1920 Bay Drive?
The MLS lists Treasure Island (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 1920 Bay Drive?
Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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The 4 bedroom home at 675 S Shore Drive, Miami Beach, FL 33141 is comparable and listed for sale at $5,900,000. Another comparable home, 7830 Atlantic Way, Miami Beach, FL 33141, sold for $4,625,000 in October 2026. Other Miami Beach neighborhoods include Bayshore and Altos del Mar. Nearby ZIP codes include 33109 and 33139. This property also neighbors North Bay Village, Surfside, and Bay Harbor Islands. Compare it with the Miami Beach housing market report.