Coastal Infill Development
2515 Bay Dr, Miami Beach, FL 33141
Call to check price and availability
Approved 10-unit development project with bay views.
Type:Land, Multifamily
Property size:
2,255 SFPrice / SF:
$840/SF- Added:
- Feb 27, 2026
- Days on Market:
- 76
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 2515 Bay Dr
General Information
- Standard status
- Active
- Size
- 2,255 SF
- Property subtype
- Land, Multifamily
Building Details
- Year Built
- 1940
Listing agent Jamie Maniscalco License #FL BK3391005
Listing office The Alpha Commercial Advisors (305) 697-7011
Listing date Feb 27, 2026
Source Crexi
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
HighLights
- Expedited path to shovel‑readiness due to advanced stage of construction permitting.
- Approved 10‑unit, 4‑story boutique project (Denbora III) with full Design Review Board (DRB) approval.
- Sweeping bay views in a water‑surrounded Normandy Isles micro‑market with limited bay‑view options.
- Opportunity to deliver modern housing stock.
- Existing fully‑leased triplex provides in‑place income.
- Proximity to Biscayne Bay and Normandy Shores Golf Club.
Overview
This advanced-stage coastal infill development opportunity, known as Denbora III, offers sweeping bay views and an expedited path to shovel-readiness. The 10-unit, 4-story boutique project has full Design Review Board (DRB) approval and is deep into construction permitting, allowing a developer to bypass the most time-intensive front-end approval stages and move rapidly toward groundbreaking. The development is positioned to deliver modern housing stock into the water-surrounded Normandy Isles micro-market where bay-view options remain extremely limited. The surrounding island setting, defined by Biscayne Bay access and the Normandy Shores Golf Club, supports long-term desirability. The existing fully-leased triplex provides in-place income that helps offset carrying and pre-development costs as the project advances toward construction start. The property size is 2255 square feet.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.144412
- Latitude
- 25.85275
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Approved 10-unit development project with bay views.
Where is this land located?
The property is located at 2515 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: Expedited path to shovel‑readiness due to advanced stage of construction permitting.; Approved 10‑unit, 4‑story boutique project (Denbora III) with full Design Review Board (DRB) approval.; **Sweeping bay views** in a water‑surrounded Normandy Isles micro‑market with limited bay‑view options.
