2150 Bay Dr, Miami Beach, FL 33141

Bayfront multifamily redevelopment opportunity in the heart of Miami Beach. This 12 unit waterfront apartment building is currently fully occupied, providing immediate in place cash flow while offering significant long-term upside. The property features direct bay frontage with expansive water and city skyline views, stunning sunsets, and a prime North Beach location approximately five minutes from the ocean, dining, and neighborhood amenities.

The site is well positioned for a boutique multifamily redevelopment, supported by architectural renderings prepared by Kobi Karp Architecture & Interior Design that illustrate the potential for a modern waterfront residential project. Zoning allows for multifamily use with favorable development parameters in a highly sought-after, supply-constrained Miami Beach submarket.

Centrally located with convenient access to Bal Harbour, Surfside, and the broader Miami Beach corridor, this offering presents a rare opportunity to acquire a stabilized 12 unit bayfront asset with strong holding income and future redevelopment potential.