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Waterfront Multifamily Redevelopment Site
For Sale
$13,000,000

2130/2140 Bay Dr, Miami Beach, FL 33141

MULTI_FAMILY - Miami Beach, FL

Property Size17,918 SF
Lot Size0.41 Acres
Price / SF$725.53
Days on Market47

Property Features for 2130/2140 Bay Dr

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description 3900
Subdivision 32
Standard status Active
APN 02-32-10-011-0610
Lot size 0.41 Acres

Taxes and HOA fees

Tax Description MIAMI VIEW SEC-ISLE OF NORMANDY PART 3 PB 40-33 LOT 14 BLK 40 LOT SIZE 52.090 X 172 OR 15622-1048 0892 1
Tax Annual Amount 18727
Legal Description MIAMI VIEW SEC-ISLE OF NORMANDY PART 3 PB 40-33 LOT 14 BLK 40 LOT SIZE 52.090 X 172 OR 15622-1048 0892 1

Utilities

Sewer type Public Sewer
Water front 1

Building Details

Number of units 10
Listing Agency: Beachfront Realty Inc
Listed By: Marilina Apfelbaum · License #0662372
Added: Jul 1 Last Checked: Aug 16 at 9:06PM
MLS# A12046409

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The offering is an assemblage of two contiguous bayfront parcels totaling 17,918 SF, providing approximately 108 feet of direct water frontage. Two existing multifamily buildings are included, containing 10 income-producing units. The current structures provide holding income while the buyer evaluates options for future planning and permitting.

The parcels are located at 2130/2140 Bay Dr in Miami Beach, Florida, and are described as being directly across from North Bay Village. The remarks position the site within a redevelopment corridor and surrounded by new luxury residential investment along the bayfront.

For developers, investors, family offices, and institutional buyers seeking a waterfront land acquisition, the property offers both existing rental units and water-adjacent development context. Due diligence materials, including a rent roll, survey, and additional information, are available through the listing agent. Buyers should independently verify zoning, density, and development potential prior to proceeding.

Key Highlights

  • Two contiguous bayfront parcels totaling 17,918 SF
  • Approximately 108 ft of direct water frontage
  • Includes two existing multifamily buildings with 10 income‑producing units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Locksmith Dental Office (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,251
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjacent bayfront parcels with two multifamily buildings totaling 10 units and about 108 feet of water frontage.
Where is this apartment building located?
The property is located at 2130/2140 Bay Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: Two contiguous bayfront parcels totaling 17,918 SF; Approximately 108 ft of direct water frontage; Includes two existing multifamily buildings with 10 income‑producing units
More about this property
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