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2125 Bay Dr
Miami Beach, FL 33141
Normandy Isles Permit-Ready Bayview Project · Multifamily Property For Sale · 3 Units

Investment Highlights

  • Rare opportunity to develop a water-view boutique project
  • Existing improvements include a fully-occupied triplex with (1) 2 Bed / 1 Bath unit and (2) 1 Bed / 1 Bath units generating positive cash-flow.
  • Plans fully approved and mid-way through permitting, nearly shovel-ready
  • Capitalize on the site’s centrally-connected island community location.

Property Facts

No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 2,255 SF
Average Occupancy 100%
No. Stories 1
Year Built 1940
Parking Ratio 2.66/1,000 SF
Zoning RM-1 - Multifamily, Approved Density: 10 units, Approved Height: 4 stories

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - -
2+1 1 - -

Property Taxes

Property Taxes

Parcel Number
02-3210-011-0730
Land Assessment
$778,900
Improvements Assessment
$133,947
Total Assessment
$912,847
  • Listing ID: 39593920

  • Date on Market: 2/26/2026

  • Last Updated:

  • Address: 2125 Bay Dr, Miami Beach, FL 33141

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