Presenting a rare chance to acquire a wide bay single-family home with breathtaking wide bay views. 8,850 SQ FT ft lot featuring 52 feet of water frontage on the wide bay, with downtown views. There are no fixed bridges to the ocean. ** Grandfathered Boat Dock Pilings** significantly enhance the value of this already attractive property. Offering RM-1 Zoning, perfect for a new condominium development project. The FAR of 1.25 permits up to 11,000+/- sq feet of living space, with a maximum height of 55 feet. The property is not historic, paving a path to creating something extraordinary. This is a prime residential development opportunity not to be missed.
Property Details
Property Features
Listing Office:
Office Name: Douglas Elliman
Office Email: info@miamisrealestate.com
Listing Agent: David Nguah
Exterior Features
Exterior Information:
Waterfront: Bay Front
View: Bay, Water
Exterior: Storm/Security Shutters
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Other
Directions Information:
Directions: GPS
Price Information
Listing Price Info
Price Summary:
List Price: $5,500,000
Tax Information:
Annual Amount: $10,743
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Miami Beach, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$27.5K
Per Month
Principal & Interest
$27.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$16.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Treasure Island Elementary School
7540 E Treasure Dr
Distance between this listing and this school0.45 miles
Public District Grades PK-5
6
/10
Biscayne Elementary School
800 77th St
Distance between this listing and this school1.21 miles
Public District Grades PK-5
10
/10
Ruth K. Broad/Bay Harbor K-8 Center
1155 93rd St
Distance between this listing and this school2.47 miles
Public District Grades PK-5
Nearby Schools
7
/10
Mater Academy Miami Beach
8625 Byron Ave
Distance between this listing and this school1.86 miles
Public Charter Grades KG-8
6
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school2.43 miles
Public District Grades 6-8
4
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school3.87 miles
Public Magnet Grades 6-8
Nearby Schools
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school3.49 miles
Public District Grades 9-12
1
/10
Dr. Marvin Dunn Academy for Community Education.
8950 NW 2nd Ave
Distance between this listing and this school3.83 miles
Public District Grades 9-12
7
/10
Itech@Thomas a Edison Educational Center
6101 NW 2nd Ave
Distance between this listing and this school3.88 miles
The neighbors living near this home have an average income of $26,935. The majority of Miami Beach, FL residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1920 Bay Dr
What is the listing price of this property?
The listing price of 1920 Bay Dr property is $5,500,000.
What type of property is this?
The property 1920 Bay Dr is land located in Miami Beach, Florida, 33141.
Is this property for sale now?
Active Listing: 1920 Bay Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $10,743 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1920 Bay Dr in Miami Beach, FL and zip code 33141 in the Normandy Isle neighborhood. This home sits on a 0.20 acre lot. It has been listed on Rocket Homes since January 23, 2024 and is currently priced at $5,500,000.
Over 2 listings were sold over their listed price in November 2024 in Miami Beach, FL. In the same period over 65 listings were sold below the listed price and 6 listings were sold for the listed price. In November 2024 in Miami Beach, FL there were 14.3% more homes for sale than in October 2024. Listings spent 97 days on the market in November 2024, and had a median list price of $617,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.