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1580 Bay Rd Miami Beach, FL 33139

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For Sale
$8,700,000

Rare corner assemblage near Lincoln Rd, ideal for luxury condos.

Lot size:
0.35 Acres

Property Features for 1580 Bay Rd

General Information

Lot size
0.35 Acres

Building Details

Year built
1954

Source: Lifestyle International Realty Agent Shana Santalla

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Miami Beach Development Opportunity

This is a rare corner assemblage development opportunity located in Miami Beach. The site consists of 3 parcels including three fully leased fourplexes on 15,250 square feet of land. It is situated in a quiet, bay access, no-flood zone, steps from Lincoln Road, a new 50,000 square foot Whole Foods under construction, and Sunset Harbour. The property is zoned RM-2 with a 2.0 FAR and 60-foot height allowance as-of-right, allowing for approximately 30,500 buildable square feet, ideal for 30 boutique luxury condo units. The existing 12 units (24 beds, 18 baths) can generate income during the planning phase. The location is surrounded by high-performing luxury projects such as Monad Terrace and Capri. There is also significant potential under Florida's Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable/workforce housing is pursued.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Food Market Clothing Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami Beach
County
Miami-Dade
State
Florida
Longitude
-80.143837
Latitude
25.7887

FAQs

What type of property is this?
Commercial land - Rare corner assemblage near Lincoln Rd, ideal for luxury condos.
Where is this commercial land located?
The property is located at 1580 Bay Rd Miami Beach, FL.
What is the asking price?
The asking price for this property is $8,700,000.
What are key features of this property?
This property features: - Rare corner assemblage development opportunity in Miami Beach; - Zoned RM-2 with 2.0 FAR and 60-ft height, allowing approximately 30,500 buildable SF; - Potential for increased height and FAR (up to 3.0) under Florida's Live Local Act (SB 102) with affordable/workforce housing
More about this property
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