Home » Properties » 2130 Bay Dr, Miami Beach FL 33141

Parking lot with yellow lines, surrounded by lush bushes and apartment complex in Florida.

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Waterfront Multifamily Development Opportunity in Miami Beach

Rare waterfront lot with existing income units in Miami Beach’s fast-growing North Bay Village area.

$4,999,999

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MLS #A11657751

Listing Updated: 2026-06-27 18:28:17

Listed By: Beachfront Realty Inc

Overview

Located at 2130 Bay Drive in Miami Beach, this 8,959 sqft waterfront lot offers a unique chance for developers to enter a highly sought-after market. The property currently includes five multifamily units generating steady income and boasts 60 feet of water frontage with a private dock. Situated across from North Bay Village, the site benefits from proximity to major land acquisitions fueling growth, making it ideal for luxury condominium or apartment projects. An adjacent parcel is also available for larger development potential.Miami Beach combines coastal charm with urban convenience, offering residents access to waterfront living and vibrant community amenities. This property appeals to buyers seeking a foothold in one of the fastest expanding sectors of the city, blending income stability with future growth possibilities.

Property Highlights

Waterfront land with 60 ft dock, steady income from 5 units, in prime North Bay Village location, near upcoming luxury developments.

Property Details

City: Miami Beach

State: FL

Zip Code: 33141

Address: 2130 Bay Dr, Miami Beach FL 33141

Year Built: 1950

Property Type: Commercial Sale

Property Sub Type: Income/MultiFamily

Listing Office Name: Beachfront Realty Inc

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $18,727

Days On Market: 633 Days

Original Listing Description

OPPORTUNITY FOR DEVELOPERS! WATERFRONT lot in front of North Bay Village. A unique opportunity to acquire land to build luxury units in the fastest growing area of Miami Beach, where developers spent $143.5 million on land acquisitions, to build around 3,000 new condos and apartments. The land has 8,959 sqft. Currently there is 5 units multifamily generating stady income. 60 ft on the water with private dock. 2140 BAY DRIVE IS ALSO AVAILABLE, BOTH LOTS ARE 17918 SQFT IN TOTAL AND ALLOWS BIGGER DEVELOPEMENTS.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

2130 Bay Dr, Miami Beach FL 33141

About This Neighborhood

Situated in Miami Beach's lively waterfront corridor, this lot enjoys close proximity to North Bay Village and its surrounding community. Residents can appreciate a blend of tranquil water views and urban amenities nearby. Miami Beach delivers a distinctive lifestyle combining beach access, cultural scenes, and dining options. This neighborhood appeals to a diverse range of buyers who value convenience paired with scenic waterfront living, making it a prime location for multifamily development.

Walkability & Lifestyle

The site boasts excellent walkability to local shops, dining, and entertainment options near North Bay Village and Miami Beach. Residents enjoy easy access to waterfront parks, marinas, and beach paths that encourage an active outdoor lifestyle. The neighborhood’s compact layout supports daily errands on foot, complemented by nearby cultural venues and recreational facilities that enrich everyday living.

Things To Do Nearby

Living or developing here means immersion in Miami Beach’s vibrant coastal lifestyle. Opportunities include boating from the private dock, exploring nearby marinas, and enjoying waterfront parks. Fine dining, nightlife, and cultural venues are just minutes away, providing a diverse array of activities. Golf courses and beach access add to the lifestyle appeal, ensuring residents and visitors experience quintessential Florida recreation.

Nearby Schools

Families considering future development or residency in this area find convenient educational access within Miami Beach’s public and private school systems. Nearby schools offer diverse programs suited to various age groups, supporting a comfortable lifestyle for households. The neighborhood’s amenities and accessibility enhance daily routines, making it attractive for family-oriented buyers looking for both community and quality education options.

Why Buyers Like This Area

Buyers appreciate this property for its unique combination of current income, strategic waterfront location, and potential for luxury development. The proximity to North Bay Village’s growing community and Miami Beach’s amenities creates a compelling lifestyle mix. This site appeals to those seeking investment stability today alongside opportunities to partake in one of Florida’s most dynamic real estate markets tomorrow.

Investment Potential

This multifamily waterfront property offers developers an attractive entry point with existing income and development potential. The location opposite North Bay Village is experiencing rapid growth, drawing attention from major land buyers investing millions in new construction. Buyers looking to build luxury residences can benefit from this parcel’s water access and steady tenant base while navigating Miami Beach’s dynamic market landscape. The area’s increasing demand for upscale living supports careful, long-term planning of future projects.

Market Trends

Miami Beach’s real estate market continues to attract significant interest, especially along its waterfront areas. Recent land acquisitions exceeding $140 million signal confidence in growth and future housing demand. This property sits amidst such trends, where multifamily developments and luxury condos are reshaping the landscape. Staying current with market dynamics will help buyers and developers maximize opportunities while aligning with Miami Beach’s expansion and evolving neighborhood character.

Rental Income Potential

Currently, the property hosts five multifamily units that produce steady rental income, providing financial stability alongside its development prospects. Given its waterfront location, rental demand tends to be strong, especially during seasonal peaks when Miami Beach experiences heightened visitation. Investors considering this asset can appreciate the balance of ongoing revenue and potential for repositioning to higher-value residential offerings in a sought-after market.