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2305 NE 123rd St - Bayhaus 1.13 Acres of Commercial Land in North Miami, FL 33181
INVESTMENT HIGHLIGHTS
- Direct Biscayne Bay frontage with unobstructed water exposure
- 167,753 SF sellable residential NSF | 210,879 SF gross building area
- Approved plans for a 10-story, 52-unit residential tower
- Directly across the bridge from Bal Harbour, providing seamless connectivity to Miami’s premier luxury destination
EXECUTIVE SUMMARY
Bayhaus is a premier, fully entitled waterfront development opportunity located at 2305 NE 123rd Street in North Miami, directly on Biscayne Bay and just across the bridge from Bal Harbour. Positioned at the northeast corner of NE 123rd Street and North Bayshore Drive, the site offers exceptional visibility, direct bayfront frontage, and immediate connectivity to Miami’s most coveted coastal neighborhoods.
The offering includes fully approved Arquitectonica-designed plans for a 10-story, 52-unit luxury condominium tower with basement parking, creating a rare, shovel-ready path to development with materially reduced entitlement risk. Approved plans support 167,753 SF of sellable residential area (NSF) and 210,879 SF of total gross building area, along with 113 total parking spaces (108 basement + 5 surface) and 9,236 SF of amenity space designed to elevate the resident experience.
The former White House Inn has been fully demolished, and the site is cleared and remediated. The property was upzoned to the Bayshore Zone (BZ) in 2022 and has secured Shoreline Development Review Committee (SDRC) approval, with the foundation permit in progress/ready to be pulled. Utilities are approved and allocated, and architectural, civil, landscape, and structural plans have been approved, positioning Bayhaus as one of the most execution-ready luxury waterfront development sites in the market. Entitlements have been extended through May 8, 2032.
The offering includes fully approved Arquitectonica-designed plans for a 10-story, 52-unit luxury condominium tower with basement parking, creating a rare, shovel-ready path to development with materially reduced entitlement risk. Approved plans support 167,753 SF of sellable residential area (NSF) and 210,879 SF of total gross building area, along with 113 total parking spaces (108 basement + 5 surface) and 9,236 SF of amenity space designed to elevate the resident experience.
The former White House Inn has been fully demolished, and the site is cleared and remediated. The property was upzoned to the Bayshore Zone (BZ) in 2022 and has secured Shoreline Development Review Committee (SDRC) approval, with the foundation permit in progress/ready to be pulled. Utilities are approved and allocated, and architectural, civil, landscape, and structural plans have been approved, positioning Bayhaus as one of the most execution-ready luxury waterfront development sites in the market. Entitlements have been extended through May 8, 2032.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 1.13 AC |
| Zoning | BZ - BZ (Bayshore Zone) waterfront zoning. Allows up to 115’ height; covenant-limited to 110’. No FAR cap and strong development envelope. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.13 AC |
| Zoning | BZ - BZ (Bayshore Zone) waterfront zoning. Allows up to 115’ height; covenant-limited to 110’. No FAR cap and strong development envelope. |
1 LOT AVAILABLE
Lot
| Lot Size | 1.13 AC |
| Lot Size | 1.13 AC |
Corner bayfront development site with direct Biscayne Bay frontage. Approx. 1.13 AC, fully entitled for a 10-story, 52-unit luxury condo tower. Site cleared/remediated with approvals in place through 2032.
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2305 NE 123rd St - Bayhaus
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