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$18,800,000
Sold Conditional

1940 Bay Dr,

Miami-Dade

Listed on July 22, 2025

Vacant Land

MLS® # A11841775
Bedrooms
0 Beds
Bathrooms
0 Baths
Size
35,400 sqft
Parkings
0
Maintenance Fees
-
Annual Tax
$100,721

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

Beachfront Realty Inc

Features & Details

Learn about the features and details of 1940 Bay Dr

Property Details

  • Property Type
    Vacant Land
  • Living Area
    -
  • Year Built
    Year Built
  • Lot Size
    35,400 sqft
  • Stories
    -
  • Annual Tax
    $100,721.00
  • List Date
    7/22/2025
  • Updated
    9/10/2025
  • Last Checked
    Recent
  • MLS Number
    #A11841775
  • Brokerage
    Beachfront Realty Inc
  • Postal Code
    33141
  • Area
    Miami-Dade
  • City
    Miami Beach

Additional Property Features

  • Occupancy
    Available
  • List Price
    $18,800,000.00
  • Unit Number
    -
  • Construction
    Construction
  • Heating
    Heating
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    No
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    No
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2024
  • Assignment
    No
  • Extras Included
    None

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 1940 Bay Dr

Virtual Tour

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Real estate trends

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Explore Miami-Dade

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Mortgage Calculator
Estimate monthly payments for 1940 Bay Dr
$0
20.0%
$18,800,000
1%
5.25%
10%
Estimated Monthly Payment

$90,127

Cash Flow Analysis
Mortgage Payment:
$90,126.86
Monthly Payment:
$98,520.27
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.

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About this property

Discover this prime vacant land in the heart of Isle of Normandy Miami View, Miami Beach. Offered at $18,800,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About 1940 Bay Dr

Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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1940 Bay Dr