2125 Bay Drive For Sale
Property Details
| Asking Price | $2,575,000 |
|---|---|
| Price per SqFt | — |
| Property Taxes | $17,125 2025 |
| Interior Space | — |
| Beds/Baths | —/— |
| Lot Size | 7,789 SqFt |
| MLS # | A12101979 |
Location
From the listing
Advanced multifamily development opportunity in prestigious Miami Beach! This prime 7,789 SF lot located at 2125 Bay Drive offers an established development path for a proposed 10-unit residential project. The current program contemplates a 4-level building featuring approx. 9,732 SF of buildable FAR area, 15,636 SF total gross building area, and 5 parking spaces under RM-1 zoning. The prior structure has been fully demolished, providing a clean site ready for advancement. Architectural and technical progress includes Design Review Board (DRB) approval under Case No. DRB23-0961. Building, structural, mechanical, plumbing, and electrical technical reviews have been completed through an external City review cycle. Master Permit remains pending, subject to final City comment responses, resubmittal, and issuance. An outstanding acquisition for developers or investment groups seeking to capitalize on significant pre-development progress in a high-demand coastal market. Buyer must independently verify all project details, plans, approvals, DRB status, permits, and zoning regulations directly with the City of Miami Beach and their professional advisors. Offered as an advanced development project and not as a shovel-ready site.
Listed by Lamarca & Co. Inc
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $17,125 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 2125 Bay Drive, Miami Beach, FL 33141
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11370240 | $990,000 | 6/9/23 |
| F10268534 | $580,000 | 6/11/21 |
| F10267318 | $580,000 | 6/10/21 |
Listed by Lamarca & Co. Inc. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
Ask Mark About This Listing
2125 Bay Drive, Miami Beach · MLS A12101979 · $2,575,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.