Home » Properties » 2130/2140 Bay Dr, Miami Beach FL 33141

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2130 Bay Dr Miami Beach FL 33141 - Waterfront MultiFamily

Two waterfront lots with 10 income-generating units and private dock. Prime Miami Beach location for luxury redevelopment.

$13,000,000

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MLS #A11657590

Listing Updated: 2026-06-27 12:28:34

Listed By: Beachfront Realty Inc

Overview

Located on 2130 Bay Drive in Miami Beach, this commercial multi-family property offers a unique developer opportunity with two waterfront lots bordering North Bay Village. The combined 17,918 sqft land hosts two buildings comprising 10 residential units currently generating stable rental income. With 108 feet of direct water frontage and a private dock, the site is ideal for luxury condominium or apartment development in one of Miami Beach’s fastest growing areas. The surrounding community is vibrant and conveniently situated near urban amenities and waterfront lifestyle attractions.

Property Highlights

Two waterfront lots, 10 income units, 108 ft water frontage, private dock, 17,918 sqft land, adjacent to North Bay Village, prime redevelopment site.

Property Details

City: Miami Beach

State: FL

Zip Code: 33141

Address: 2130/2140 Bay Dr, Miami Beach FL 33141

Year Built:

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: 648 Days

Original Listing Description

OPPORTUNITY FOR DEVELOPERS! Two WATERFRONT lots in front of North Bay Village are 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 17918 sqft. Currently there are two buildings with 10 units in total and generating stady income. 108 ft on the water with private dock.

Property Location

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

2130/2140 Bay Dr, Miami Beach FL 33141

About This Neighborhood

Situated in the heart of Miami Beach, the property benefits from proximity to North Bay Village’s dynamic growth and lifestyle offerings. The area blends serene waterfront views with easy access to the vibrant cultural and entertainment scenes that Miami Beach is known for. Residents and visitors appreciate the balance between relaxing bayside ambiance and urban conveniences like dining, shopping, and recreational boating.

Walkability & Lifestyle

The site enjoys a walkable environment with nearby cafes, restaurants, and boutique retail within reach. Miami Beach’s pedestrian-friendly streets and waterfront promenades create an inviting atmosphere perfect for casual strolls and urban enjoyment. Residents benefit from easy access to key neighborhood amenities without reliance on driving.

Things To Do Nearby

Living in Miami Beach offers abundant outdoor and cultural activities, including world-class beaches, marinas, golf courses, and nightlife. The property’s waterfront location is ideal for boating enthusiasts, while nearby parks and entertainment venues provide diverse leisure options. Dining and shopping experiences reflect the city’s eclectic and vibrant character.

Nearby Schools

Miami Beach includes access to several well-regarded schools throughout the community, offering families convenient educational options. The area’s residential appeal supports easy daily commutes to local institutions, making it suitable for those prioritizing education alongside waterfront living. Nearby neighborhoods offer a range of public and private schooling choices.

Why Buyers Like This Area

Buyers value this property for its rare combination of waterfront location, existing income generation, and redevelopment potential. The Miami Beach setting appeals to those seeking a blend of luxury coastal living and dynamic urban lifestyle. Its proximity to the fast-growing North Bay Village enhances its long-term attractiveness.

Investment Potential

This commercial multifamily property in Miami Beach presents a notable opportunity for developers interested in waterfront locations. The two lots, currently generating steady rental income from 10 units, offer flexibility for luxury residential projects. North Bay Village nearby is a hub for new condo developments, making this site relevant for those aiming to capitalize on Miami Beach’s expanding market. Its sizable water frontage and private dock add desirability for buyers seeking high-end coastal living options.

Market Trends

Miami Beach’s real estate landscape has seen significant developer activity, with millions invested in land acquisitions aimed at luxury condo and apartment projects. This site aligns with market trends favoring waterfront living and multi-family housing. Investors and developers are attracted by the area's robust demand, coastal appeal, and accessibility to metro Miami’s expanding economic hubs.

Rental Income Potential

With 10 existing units currently leased, this property is producing steady rental income in a sought-after waterfront location. The appeal of Miami Beach’s coastal lifestyle ensures consistent tenant interest, including seasonal residents seeking short- or long-term leases. Its position near growing neighborhoods enhances its potential to maintain strong demand for rentals over time.