Waterfront Development
New
For Sale
$2,500,000
6949 Bay Dr, Miami Beach, FL 33141
Miami Beach, FL
Property SizeContact for details
Days on Market3
Property Features for 6949 Bay Dr
General Information
Property type
Land
Property subtype
Other
Standard status
Active
Listing Agency:
Engel & Volkers Miami · Engel & Völkers
(305) 913-5499
Listed By:
Vanessa Gomez · License #3251029
(305) 321-7897
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 20 at 11:06AM
MLS# AM-5534472
Copyright © 2026 Engel & Völkers. 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.
This vacant waterfront parcel contains approximately 9,750 SF and is zoned RM-1. A preliminary zoning review indicates the property may accommodate a boutique multifamily residential project, with possible density incentives for qualifying workforce housing initiatives. Any development capacity, incentives, and permitted plans remain subject to buyer verification and City approvals.
Located at 6949 Bay Dr in Miami Beach, the site is near beaches, parks, dining, and retail. Bal Harbour, Surfside, and North Beach are also identified among the nearby coastal destinations. The property offers a waterfront development setting within the Normandy Isles area of Miami Beach.
Located at 6949 Bay Dr in Miami Beach, the site is near beaches, parks, dining, and retail. Bal Harbour, Surfside, and North Beach are also identified among the nearby coastal destinations. The property offers a waterfront development setting within the Normandy Isles area of Miami Beach.
Key Highlights
- Approximately 9,750 SF of vacant waterfront land
- RM‑1 zoning designation
- Preliminary analysis indicates potential for boutique multifamily development
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,248
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
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Vacant RM-1-zoned waterfront site with multifamily redevelopment potential subject to verification and approvals.
Where is this waterfront land located?
The property is located at 6949 Bay Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 9,750 SF of vacant waterfront land; RM‑1 zoning designation; Preliminary analysis indicates potential for boutique multifamily development
