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Waterfront Multifamily Development Opportunity
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2130/2140 Bay Dr, Miami Beach, FL 33141

Waterfront lot for luxury development with income-generating multifamily units.

Property Size8,959 SF
Price / SF$1,451
Days on Market949

Property Features for 2130/2140 Bay Dr

General Information

Standard status Active
Size 8,959 SF
Property subtype Land, Multifamily
Zoning 3900

Building Details

Year Built 1950
Buildings 1
Stories 1
Units 5
Listing Agency: Beachfront Realty, Inc. Miami Beach
Listed By: MARILINA APFELBAUM · License #0662372
Source: Crexi
Added: Jan 5, 2024 Changed: Aug 8 Last Checked: Jul 4 at 3:41PM

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 Beachfront Realty, Inc. Miami Beach

Investment Insights

Based on property information with market context.

This property presents an opportunity for developers with a waterfront lot located in front of North Bay Village. The site is positioned in a rapidly growing area of Miami Beach. The land area encompasses 8,959 square feet and currently hosts a multifamily structure with 5 units, providing a steady income stream. The property features 60 feet of waterfront access, complete with a private dock. The adjacent property at 2140 Bay Drive is also available; the combined area of both lots totals 17,918 square feet, potentially allowing for larger developments.

Key Highlights

  • Waterfront lot with 60 ft on the water and private dock.
  • Development opportunity in a rapidly growing area of Miami Beach.
  • Land size of 8,959 sqft.

Property Analytics

Current Use

Waterfront Land

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.

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
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Waterfront lot for luxury development with income-generating multifamily units.
Where is this waterfront land 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: Waterfront lot with **60 ft on the water and private dock**.; Development opportunity in a rapidly growing area of Miami Beach.; Land size of 8,959 sqft.
(305) 405-0615 Call to check price and availability
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