Home » Properties » 1485 Bay Rd, Miami Beach FL 33139

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1485 Bay Rd Miami Beach FL 33139 Commercial Land

Prime corner commercial land on Bay Road, Miami Beach, offering eight residential units and strong redevelopment potential.

$3,499,000

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MLS #A11899381

Listing Updated: 2026-07-24 18:34:50

Listed By: One Sotheby's International Realty

Overview

Located at 1485 Bay Rd in Miami Beach, this premier corner commercial land parcel offers exceptional visibility on one of South Beach’s most sought-after residential corridors. The property includes eight residential units, providing an immediate income stream with a well-maintained building and a strong operational history. Its corner location enhances natural light, views, and architectural possibilities, making it an attractive redevelopment opportunity in a high-demand market. Nearby developments feature ultra-luxury townhomes and condos, placing this site in the heart of South Beach’s vibrant community.

Property Highlights

Premier corner location on Bay Road, eight residential units, strong operational history, excellent redevelopment potential, proximity to luxury developments.

Property Details

City: Miami Beach

State: FL

Zip Code: 33139

Address: 1485 Bay Rd, Miami Beach FL 33139

Year Built:

Property Type: Commercial Land

Property Sub Type:

Listing Office Name: One Sotheby's International Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $31,402

Days On Market: 228 Days

Original Listing Description

***Premier Location **This premier corner parcel benefits from maximum exposure on Bay Road, one of South Beach's most desirable residential corridors. DIRECTLY across from the Flamingo South Beach. Versatile Investment Profile: Eight residential units providing immediate income potential, well-maintained building with strong operational history, Exceptional redevelopment opportunity in a high-demand market, Corner location maximizes light, views, and architectural possibilities. Next door Developments include ultra-luxury Townhomes & Condos in the heart of South Beach.

Property Location

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

1485 Bay Rd, Miami Beach FL 33139

About This Neighborhood

Situated in Miami Beach’s South Beach area, this property benefits from a vibrant neighborhood known for its residential desirability and luxury living. Bay Road is a prominent corridor featuring a mix of residential and upscale developments. The area combines urban convenience with access to beaches, dining, and entertainment, attracting residents and visitors alike. Its location near Flamingo South Beach and other premium developments adds to the neighborhood’s prestige and appeal.

Walkability & Lifestyle

The property’s location on Bay Road in South Beach provides excellent walkability to restaurants, shops, and entertainment venues. Residents and visitors can enjoy easy access to Miami Beach’s famous beaches and waterfront areas. The neighborhood supports an active lifestyle with parks, marinas, and cultural attractions within walking distance. Daily conveniences and leisure activities are readily accessible, enhancing the quality of life for occupants.

Things To Do Nearby

South Beach offers a rich variety of activities including dining at renowned restaurants, exploring vibrant nightlife, and enjoying waterfront experiences. The area features golf courses, boating opportunities, and cultural events that cater to diverse interests. Nearby parks and recreational spaces provide outdoor enjoyment, while luxury shopping and entertainment venues contribute to a dynamic lifestyle. This location is ideal for those seeking an active and engaging environment.

Nearby Schools

Miami Beach offers access to a variety of educational institutions, including public and private schools within reasonable distance. Families considering this location will find convenient options for primary and secondary education nearby. The community’s infrastructure supports easy access to schools, contributing to the area’s overall residential appeal. School choices complement the neighborhood’s lifestyle and accessibility.

Why Buyers Like This Area

Buyers appreciate this property’s corner location on Bay Road for its visibility and access to South Beach’s amenities. The mix of residential units and redevelopment potential offers flexibility for various uses. Its proximity to luxury developments and the beach enhances lifestyle options. The neighborhood’s blend of urban convenience and coastal appeal makes it attractive to a wide range of buyers, from investors to residents seeking a vibrant community.

Investment Potential

This commercial land parcel in Miami Beach offers a versatile investment profile with eight residential units generating immediate income potential. Its prime corner location on Bay Road, a highly desirable corridor, enhances its appeal for redevelopment or continued rental use. The property’s strong operational history and proximity to luxury developments support sustained demand, making it suitable for investors seeking opportunities in South Beach’s dynamic real estate market.

Market Trends

The Miami Beach real estate market continues to attract strong buyer interest, particularly in South Beach where inventory remains competitive. Properties with redevelopment potential and prime locations like Bay Road are in demand due to limited availability. This parcel’s corner position and existing residential units make it a compelling option for buyers seeking flexibility amid evolving market conditions. Long-term interest in this area remains robust given its lifestyle and location advantages.

Rental Income Potential

With eight residential units currently on site, this property offers immediate rental income potential. Its location on Bay Road ensures steady tenant interest due to proximity to South Beach’s amenities and attractions. Seasonal demand in Miami Beach supports consistent occupancy, while the property’s condition and operational history contribute to its rental appeal. Investors can consider both short-term and long-term rental strategies in this sought-after area.