2130 Bay Dr Miami Beach, FL 33141

This exceptional Miami Beach investment presents a unique opportunity for developers. Priced at $10,000,000, this property boasts two waterfront lots totaling 17,918 square feet in the rapidly growing North Bay Village area. The prime location offers 108 feet of waterfront access and a private dock. Currently, the property includes two buildings comprising ten income-generating units within an 8,959 square foot footprint, built in 1950, across a single-story structure. The property's strategic location within Miami Beach, where recent land acquisitions for new residential construction exceeded $143.5 million, signifies strong investment potential. This is a chance to capitalize on the high demand for luxury residential units in this thriving area. The existing five-unit multifamily building provides immediate income while offering significant upside potential for redevelopment. The single-story structure, built in 1950, sits on a substantial lot, presenting a blank canvas for a luxury development project. The existing income stream from the ten units offers a stable return while development plans are underway. This is a rare opportunity to acquire a significant waterfront property in one of Miami Beach's most sought-after locations.