2200 Bay Drive 3, Miami Beach, FL 33141

2 bed · 2 bath · 1,035 sqft · Built 1951

Investor Opportunity: Normandy Island. Enjoy stunning sunsets from this private 2-bed/2-bath, split-layout unit located on Bay Drive West, nestled on a quiet, no-outlet street. Could Rent for $3,000/month +/- fully renovated, or can be leased as-is for \$2,500/month +/-. Additional; low monthly maintenance, new seawall, dock, and pool, and the building has successfully passed the 40-year recertification, ensuring structural integrity and compliance. Near Golf, tennis & kid parks, safe community. Possible future developer land play opportunity with 2 four unit, single-level buildings and a 2 level building with 18-units, totaling 26 unit condominium. The entire property sits on approx. 35,000 SF with an impressive 220 feet of Biscayne Bay frontage. With $5 billion + in new construction underway in the area.

Property type

Condominium

Condition

Resale

Year built

1951

Stories

1

Subdivision

JOYCIA APARTMENTS CONDO

Waterfront

Yes

Waterfront features

Bayfront

Private pool

No

HOA (monthly)

$873

Parcel number

0232100250030

Annual tax

$350

Miami Beach runs from South Beach Art Deco condos to Mid-Beach high-rises and North Beach single-family pockets. The condo market dwarfs the SFH market here — supply dynamics diverge sharply by submarket.