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#A11718512, Nelson Gonzalez PA, Listing office: BHHS EWM Realty
Property details
About 1940 Bay Dr
- Exceptional opportunity In Miami Beach with 216 ft of direct Biscayne Bay frontage - Coveted SW exposure with 5+ miles of unobstructed views direct to the Downtown Miami Skyline - The oversized 35,400 sqft lot currently has an income producing apartment complex - Unique zoning allows for Apartments, Condos or Villas/Single Family Homes - Site Plan approved for a luxury boutique condo building designed by Revuelta - The site is easily subdividable into 2, 3 or 4 Single Family Homes with unique RM-1 zoning - Overlooking La Gorce Island, and world famous North Bay road - Minutes to Palm Tree Club, Normandy Golf Course, North Bay Village, Miami Beach Paddle Club, and lively North Beach - 15 Min Drive to South Beach, Surfside, Bal Harbor Shops, Design District & Mimo
Highlights
Home typeOther
StatusActive
Lot size0.81 Acres
MLS #A11841775
WaterfrontBay Front
Virtual tour
Summary
- Waterfront: Bay Front
- List Price: $18,800,000
- Annual Tax Amount: $106,955
- Tax Year: 2023
- Lot Size: 0.81 Acres
- MLS Number: A11841775
- MLS Name: SEFMIAMI
- Office Name: Beachfront Realty Inc
- Office Phone: (305) 405-0615
- Office Email: beachfrontnews@beachfrontonline.com
- Listing Agent: Samuel Heskiel
© 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/23/2025, 7:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $5,660,000 | $106,955 |
| 2022 | $5,602,453 | $105,266 |
| 2021 | $3,904,000 | $105,266 |
| 2020 | $3,904,000 | $73,573 |
History based on county public records data.
Nearby schools
3
Treasure Island Elementary School
Public District PK-5
0.4 mi
•7540 E Treasure Dr
7
Biscayne Elementary School
Public District PK-5
1.2 mi
•800 77th St
10
Ruth K. Broad/Bay Harbor K-8 Center
Public District PK-5
2.5 mi
•1155 93rd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,935. Most Miami Beach, FL residents have annual incomes less than $<35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
59%
<35k
26%
35k-100k
11%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
16%
Single, with Kids
12%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
28%
18-34 yrs old
47%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1940 Bay Dr
The listing price of 1940 Bay Dr property is $18,800,000.
The property 1940 Bay Dr is land located in Miami Beach, Florida, 33141.
Active Listing: 1940 Bay Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1940 Bay Dr are: Treasure Island Elementary School (GreatSchools Rating 3/10), Biscayne Elementary School (GreatSchools Rating 7/10), Ruth K. Broad/Bay Harbor K-8 Center (GreatSchools Rating 10/10), Mater Academy Miami Beach (GreatSchools Rating 5/10), Nautilus Middle School (GreatSchools Rating 4/10), Horace Mann Middle School (GreatSchools Rating 4/10), Miami Beach Senior High School (GreatSchools Rating 4/10), Dr. Marvin Dunn Academy for Community Education. (GreatSchools Rating 2/10), Itech@Thomas a Edison Educational Center (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $106,955 (source: MLS/based on county public records data).
The property 1940 Bay Dr is 0.81 acres.
This home is located at 1940 Bay Dr in Miami Beach, FL and zip code 33141 in the Normandy Isle neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 22, 2025 and is currently priced at $18,800,000.
In June 2025, from all listings sold in Miami Beach, FL there were more than 1 sold above asking price, over 109 sold below and more than 6 were sold right at the asked price. Between May and June 2025, Miami Beach, FL real estate market has seen increase in the number of listings by 3.9%. The median list price of listings available in June 2025 was $699,500, while the average time on the real estate market was 110 days.
From Rocket Homes Real Estate and based on county public records data.