$8,700,000
1580 Bay Rd
Miami Beach, FL, 33139
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Project 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.
There 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.
There 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.
Property Details
Price:
$8,700,000
MLS #:
A11847604
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Jul 29, 2025
Total Sq Ft:
13,460
Lot Size:
15,250 sqft / 0.35 acres (approx)
Year Built:
1954
Property Direction
- Address1580 Bay Rd Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
Subdivisions in Miami Beach
Schools
Interior
Exterior
Parking Spots
12
Roof
Shingle
Financial
Taxes
$34,112
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1580 Bay Rd
Miami Beach, FL