1580 Bay Rd , for Sale & Rent

1580 Bay Rd for Sale & Rent

Price $8,700,000.00

• Lot size 15250
• Year Build 1954
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

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.

BAY LINCOLN PB 58-86 LOT 15 LOT SIZE 50.000 X 105 OR 20059-1903 10 2001 1

Corner Lot

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.

City:Miami Beach,Zoning:4000,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7887014,List Price:8700000,Listing Id:A11847604,Longitude:-80.1438634,Mls Status:Active,Year Built:1954,Postal Code:33139,Street Name:Bay Rd,Coordinates:1:25.7887014,Photos Count:12,Days On Market:13,Listing Terms:1:Exchange,Lot Size Acres:0.35,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2025-07-29,Parcel Number:02-32-33-023-0150,Parking Total:12,Property Type:Commercial Sale,Stories Total:2,Street Number:1580,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2025-10-25,List Office Name:Lifestyle International Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3248,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:34112,Unparsed Address:1580 Bay Rd, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Total:13460,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:15250,M I A M I R E_ Flood Zone:AE,M I A M I R E_ For Sale Y N:1,Number Of Buildings:3,Original List Price:8700000,Public Survey Range:32,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2025-07-29,Originating System I D:miamire,Public Survey Section:33,Street Number Numeric:1580,Tax Legal Description:BAY LINCOLN PB 58-86 LOT 15 LOT SIZE 50.000 X 105 OR 20059-1903 10 2001 1,M I A M I R E_ Current Price:8700000,Public Survey Township:32,M I A M I R E_ Total Mortgage:50000,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Corner assemblage in Miami Beach! 3 fully leased fourplexes, 24 beds, 18 baths, 15,250 SF land, Zone RM-2, 60-ft height, approx 30,500 buildable SF,M I A M I R E_ Parcel Number M L X:0150,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.788699$-80.143836$233.22$13.33$1.00$L47XaNkVynKl2fu-QXXEww,Contract Status Change Date:2025-07-29,Internet Address Display Y N:1,Number Of Units In Community:12,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,M I A M I R E_ Subdivision Number:23,M I A M I R E_ Agent Alternate Phone:305-205-8623,M I A M I R E_ Occupancy Percentage:100,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1580 Bay Rd,