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Property Description

Rare full corner assemblage development opportunity in Miami Beach! 3 parcels include three fully leased fourplexes on 15,250 SF of land in a quiet, BAY ACESS, no-flood zone just steps from Lincoln Rd, new 50,000 sqft Whole Foods under construction, and Sunset Harbour. Zoned RM-2 with 2.0 FAR and 60-ft height as-of-right, the site allows for approximately 30,500 buildable SF ideal for 30 boutique luxury condo units. Generate income during planning from 12 units. 24 bed 18 baths. Surrounded by high-performing luxury projects like Monad Terrace and Capri. rnrnThere is also significant potential under Florida’s Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable/workforce housing is pursued.

Features
12
Address Map
FL
Miami-Dade County
Miami Beach
33139
1580 Bay Rd
W81° 51' 22.1''
N25° 47' 19.3''
MLS Addon
All Cash
1
Sale
2
$34,112
Click Here
4000
12
04/08/2025 14:05:12

1580 Bay Rd, Miami Beach, Florida 33139

$8,700,000
15,250 size sq.ft.
Listing ID #A11847604
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11847604
Price $8,700,000
Year Built 1954
Days on Market 118
Building Area 13,460 Sqft
Status Active
Property SubType Income/multifamily
Lot Area 15,250 Sqft
List Date 2026-03-14
On Market Date 29/07/2025
Elena Beck
MiamiInvestrealty
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