Triplex with Approved Development
For Sale
$1,895,000
2125 Bay Dr, Miami Beach, FL 33141
Fully leased income property with bay views and permitting underway for expanded residential development.
Property SizeContact for details
Days on Market129
Property Features for 2125 Bay Dr
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Multifamily Units
3
Building Details
Buildings
1
Listing Agency:
The Alpha Commercial Advisors LLC
(201) 264-0113
Listed By:
Jamie Maniscalco · License #3391005
(201) 264-0113
Source:
Elliman
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Alpha Commercial Advisors LLC
Investment Insights
Based on property information with market context.
This multifamily property includes an existing fully leased triplex and an advanced residential development program identified as Denbora III. The proposed project calls for 10 units in a 4-story boutique building, with Design Review Board approval already completed and construction permitting substantially progressed. These approvals support a transition toward construction while the existing triplex remains in operation.
Located at 2125 Bay Dr in Miami Beach, the property sits within the water-surrounded Normandy Isles area and offers bay views. Biscayne Bay access and Normandy Shores Golf Club are part of the surrounding setting. Walk Score is 79, Bike Score is 67, and Transit Score is 44, providing documented walkability, bike access, and public transportation availability.
Located at 2125 Bay Dr in Miami Beach, the property sits within the water-surrounded Normandy Isles area and offers bay views. Biscayne Bay access and Normandy Shores Golf Club are part of the surrounding setting. Walk Score is 79, Bike Score is 67, and Transit Score is 44, providing documented walkability, bike access, and public transportation availability.
Key Highlights
- Existing fully leased triplex
- 10‑unit, 4‑story Denbora III development program
- Design Review Board approval completed
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased income property with bay views and permitting underway for expanded residential development.
Where is this triplex located?
The property is located at 2125 Bay Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Existing fully leased triplex; 10‑unit, 4‑story Denbora III development program; Design Review Board approval completed
