Interior
- Bedrooms
- 4
- Bathrooms
- 5
- Living area
- 2,150 sq ft
Active · SingleFamilyResidence
$1,900,000
2183 Bay Drive, Miami Beach, FL 33141
- Beds
- 4
- Baths
- 5
- Living area
- 2,150 sq ft
- $ / sq ft
- $884/sq ft
- Year built
- 1940
- Lot size
- 7,791 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
MOTIVATED SELLER!!!!!Prime Miami Beach Opportunity! Located in one of Miami Beach's most desirable and fast-growing neighborhoods, 2183 Bay Dr presents a rare opportunity for investors, developers, or end users looking to secure a property with incredible potential. Situated on a spacious lot in the heart of Normandy Isle, this property offers flexible possibilities with RM-1 zoning and current multifamily use. Whether you are looking to renovate, hold as an income-producing property, or explore future development potential, this address offers the perfect canvas. Enjoy proximity to the beach, shopping, restaurants, houses of worship, parks, schools, and everything Miami Beach has to offer.
Property location
Get Directions2183 Bay Drive, Miami Beach, FL 33141
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Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1940
- Lot size
- 7,791 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- B26025747
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$4,938
- Cap rate
- 2.6%
- Net yield
- 2.6%
- Cash-on-cash return
- -11.1%
- Gross yield
- 5.7%
- Mortgage payment
- $9,007/mo
- Down payment
- $475,000
- Loan amount
- $1,425,000
- Annual NOI
- $48,826
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.