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$ 2,575,000
Est. payment | /mo
7,753 Sqft Lot
$ 2,575,000
Est. payment | /mo
7,753 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Isle Of Normandy Miami Vi
MLS Listing ID A12101979
HOA Y/N No
Annual Tax Amount $17,125
Tax Year 2025
Lot Size 7,753 Sqft
Acres 0.178
Lot Dimensions 556x140
Property Description
Advanced multifamily development opportunity in prestigious Miami Beach! This prime 7,789 SF lot located at 2125 Bay Drive offers an established development path for a proposed 10-unit residential project. The current program contemplates a 4-level building featuring approx. 9,732 SF of buildable FAR area, 15,636 SF total gross building area, and 5 parking spaces under RM-1 zoning. The prior structure has been fully demolished, providing a clean site ready for advancement. Architectural and technical progress includes Design Review Board (DRB) approval under Case No. DRB23-0961. Building, structural, mechanical, plumbing, and electrical technical reviews have been completed through an external City review cycle. Master Permit remains pending, subject to final City comment responses, resubmittal, and issuance. An outstanding acquisition for developers or investment groups seeking to capitalize on significant pre-development progress in a high-demand coastal market. Buyer must independently verify all project details, plans, approvals, DRB status, permits, and zoning regulations directly with the City of Miami Beach and their professional advisors. Offered as an advanced development project and not as a shovel-ready site.
Location
State FL
County Miami-dade
Community Isle Of Normandy Miami Vi
Area 32
Zoning 3900
Exterior
Utilities Available Electricity Available
Waterfront Description Bayfront
Present Use Other
Private Pool Yes
Building
Lot Description Flood Zone, Other, Rectangular Lot
Sewer Public Sewer
Water Public
Others
Tax ID 02-32-10-011-0730
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12101979
Listed by Lamarca & Co. Inc
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