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Single Family Residence
$1,900,000$884 / sqft
2183 Bay Drive, Miami Beach FL 33141
Listed
4
Bedrooms
2,150 sqft
Interior
1940
Year built
None
HOA
Single Family Residence
Type
About this home
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.
Features
- Split Bedroom
- Other
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$9,607
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $9,607
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 4-bed rentals in Miami Beach, from 30 active listings; the middle half ask $13,000–$28,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.