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2183 Bay Drive, Miami Beach, FL, 33141

4beds
5baths
2,150sqft
$1,900,000
$884price/sqft
$14,249/moest. monthly cost
$569,960/yrincome needed

About This Home

PRIME DEVELOPEMENT OPPORTUNITY IN MIAMI BEACH!!! RM-1 ZONING. RARE CHANCE TO SECURE AN 8,000 SQFT MULTI FAMILY LOT IN ONE OF MIAMI BEACHES FASTEST EVOLVING POCKETS. STRONG POTENTIAL FOR 2-4 UNIT DEVELOPMENT IDEAL FOR TOWNHOMES OR BOUTIQUE NEW CONSTRUCTION. PROPERTY IS LOCATED ON A QUIET STREET WITH CLOSE PROXIMITY TO EVERYTHING MIAMI BEACH OFFERS. FLEXIBLE DESIGN POTENTIAL!!! CURRENT USE: DUPLEX.

Getting Around

55
WalkingSomewhat Walkable
36
TransitSome Transit
63
BikeBikeable

Schools

5/10
Nautilus Middle SchoolGrades 6-82.7 mi
4/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1940

Materials

  • Roof: Tile
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Range,Microwave,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 2
  • 1/2 bathrooms: 3
  • Main level bathrooms: 3
  • Main level bedrooms: 3

Features

  • Bedroom on Main Level,Split Bedrooms
  • Flooring: Laminate,Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,424
  • Total interior livable area: 2,150 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0232100110670
  • Zoning: 3900
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: Above Ground
  • Patio & porch: Patio,Porch
  • Exterior features: Outdoor Living Area
  • Fencing: Gate

Lot

  • Lot size: 7,791 sqft
  • Features: < 1/4 Acre

Parking

  • Total spaces: 1
  • Parking features: Driveway,On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,607$115,284
Home Insurance *$1,499$17,988
Property Taxes $2,927$35,124
Electricity $216$2,596
Total$14,249$170,988
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$488,537/yr
40% on housing$427,470/yr
45% on housing$379,973/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$884This listing

vs Other Active Listings

Avg $/sqft

ZIP 33141$975
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33141$1,311
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Listed for sale$1,900,000
2021-08-09Sold$850,000
2021-05-05Listed for sale$869,000
2021-01-08Listing removed--
2020-03-23Listed for sale$795,000
2019-10-02Listing removed$799,000
2019-09-13Price change$799,000
2019-01-17Price change$845,000
2018-09-28Listed for sale$849,000
2018-07-02Listing removed$869,000
2017-10-10Price change$869,000
2017-06-01Listed for sale$875,000
2016-03-18Sold$329,000
2002-06-07Sold$175,000
2000-04-05Sold$165,000

For Sale by Agent

AgentRachel Rabinian
BrokerageSVS Realty Group Inc

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