House for Sale
$4,250,000
3 bd · 3 ba · 2,022 sqft
288 Palm Ave, Miami Beach, FL 33139
RIVIERA 1ST & 2ND ADDN AM
Miami Beach, FL 33141 · MLS# A12111786 · Active · ISLE OF NORMANDY MIAMI VI
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.
School assignments are provided by the listing and should be independently verified.
Estimate only — actual rates, taxes and insurance vary. Not a loan offer or financial advice. Financing through Matthew Gromadzki, NMLS #2560919 · Innovative Mortgage Services, Inc., NMLS #250769.
1920 Bay Dr, Miami Beach, FL 33141 · See all Miami Beach homes for sale
House for Sale
$4,250,000
3 bd · 3 ba · 2,022 sqft
RIVIERA 1ST & 2ND ADDN AM
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$4,150,000
3 bd · 3 ba · 2,620 sqft
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$5,585,000
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$5,200,000
6 bd · 7 ba · 4,892 sqft
MID GOLF SUB 1ST ADDN
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$5,295,000
5 bd · 6 ba · 3,628 sqft
RIVO ALTO AMD
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$4,990,000
4 bd · 3 ba · 3,673 sqft
BEACH VIEW ADDN
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$5,495,000
6 bd · 6 ba · 5,344 sqft
AMD PLAT OF SUNSET LAKE S
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$4,450,000
5 bd · 4 ba · 3,294 sqft
NAUTILUS SUB
1920 Bay Dr is a single family home for sale in Miami Beach, FL 33141. This property was listed for sale on October 26, 2026 by Compass Florida, LLC, it's currently listed at $5,500,000. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Treasure Island, Nautilus and Miami Beach. 1920 Bay Dr is a 4-bed, 4-bath, 2,684 sqft single family home built in 1951.