For saleVirtual tour
$4,850,000
2 beds1,773 sq ft
Ocean or gulfShared waterfront site
8701 Collins Ave #606Miami Beach, FL 33154
Condo · MLS 12037911
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleVirtual tour
$5,500,000
4 beds2,684 sq ft0.2 acres
1920 Bay DrMiami Beach, FL 33141
Homes, condos and townhomes · MLS 12043792 · Listed 3 days ago (Oct 26, 2026)
Ocean or gulf · Bay, harbor, inlet or sound · Direct parcel frontage · Waterfront details
For sale: Listed and available according to the MyStateMLS feed.
About this property
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.
Description provided by the listing brokerage.
MLS-reported waterfront
Waterfront details
The listing represents the offered parcel itself as adjoining the water. This is what the listing reports, not a survey or a title finding.
- Relationship to the water
- Direct parcel frontage
- Water type
- Ocean or gulf, Bay, harbor, inlet or sound
- Water body
- Not provided. Ask the listing agent.
- Frontage length
- Not provided. Ask the listing agent.
- Water access arrangement
- Not provided. Ask the listing agent.
- Docks, slips, lifts, moorings
- Dock reported
- Dock depth
- Not provided. Ask the listing agent.
- Shoreline
- Not provided. Ask the listing agent.
- Seasonal or tidal conditions
- Not provided. Ask the listing agent.
- Boating limits (bridges, depth, open-water access)
- Not provided. Ask the listing agent.
The listing reports a dock. It does not say whether the dock is private, shared or transferable, or what boats it fits.
Why this is listed as waterfront
WaterfrontYN“Yes”: The listing is marked waterfront.WaterfrontFeatures“Ocean Front, Bay”: Includes a "… Front" value describing frontage.PropertyTypeDetail“house”: Property form used to read the frontage relationship.
Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront
Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Compass Florida, LLC.
Facts
- List price
- $5,500,000
- Status
- For sale
- Property type
- House
- Bedrooms
- 4
- Full baths
- 4
- Interior area
- 2,684 sq ft
- Lot size
- 0.2 acres (8,850 sq ft)
- Year built
- 1951
- Garage spaces
- 2
- County
- Miami-Dade County
- MLS number
- 12043792
- Annual property tax (2026)
- $11,961
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.
Features
Exterior
- Dock
Flooring
- Tile
Heating
- Other
Parking
- Driveway
Roof
- Asphalt
Water
- Public (Water Source)
Sewer
- Other
Virtual tours
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Miami Beach.
Price and status history
Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.
Estimate a monthly payment
$1,100,000
Illustrative. Replace with a quote from your lender.
From the listing (tax year 2026). Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.
Estimated monthly payment
$30,412 per month
Principal and interest$27,811
Property tax$997
Homeowners insurance$1,604
Loan amount$4,400,000
Total interest over the term$5,611,957
An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.
Similar waterfront listings nearby
Waterfront listings of the same property type and water type in Miami Beach, priced within 25% of this listing ($4,125,000 to $6,875,000), newest first. Each one passes the same waterfront rules. See all matches
For saleVirtual tour
$6,300,000
2 beds1,606 sq ft
Ocean or gulf · Bay, harbor, inlet or soundShared waterfront site
50 S Pointe Dr #1805Miami Beach, FL 33139
Condo · MLS 12033053
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleVirtual tour
$5,650,000
4 beds3,155 sq ft
Ocean or gulfShared waterfront site
6799 Collins Ave #LPH02Miami Beach, FL 33141
Condo · MLS 11999000
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleDock reportedVirtual tour
$5,850,000
4 beds3,450 sq ft
Ocean or gulf · CanalDirect parcel frontage
1150 N Biscayne Point RdMiami Beach, FL 33141
House · MLS 11968207
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleDock reportedVirtual tour
$4,189,000
3 beds3,211 sq ft
Ocean or gulf · Bay, harbor, inlet or soundShared waterfront site
201 Aqua Ave #801Miami Beach, FL 33141
Condo · MLS 11964147
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleReduced $500,000Dock reportedVirtual tour
$4,975,000
3 beds2,970 sq ft
Bay, harbor, inlet or soundShared waterfront site
1445 16th St #902Miami Beach, FL 33139
Condo · MLS 11960835
Listing courtesy of Compass Florida, LLC · MyStateMLS
Questions to ask before you buy
Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.
- Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
- Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
- What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
- How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
- What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
- What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
- How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
- How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
- What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.
Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)
Guides and next steps
Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.
Listing last updated by the brokerage Oct 27, 2026, 1:08 PM UTC. Waterfront Homes last received MyStateMLS data Oct 29, 2026, 8:01 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.