* * * Premier Location * * This premier corner parcel benefits from maximum exposure on Bay Road, one of South Beach's most desirable residential corridors. DIRECTLY across from the Flamingo South Beach. Versatile Investment Profile: Eight residential units providing immediate income potential, well-maintained building with strong operational history, Exceptional redevelopment opportunity in a high-demand market, Corner location maximizes light, views, and architectural possibilities. Next door Developments include ultra-luxury Townhomes & Condos in the heart of South Beach.
Vacant landProperty Type
5,600 sq ftLot Size
$625Price/Sq.Ft.
Listed by Allan Kleer• One Sotheby's International Realty
West Avenue, located between Biscayne Bay and Alton Road, is a residential and waterfront Miami Beach neighborhood with bayfront parks and mid-rise condo streetscapes. The neighborhood’s character concentrates around the West Avenue corridor near Lincoln Road, where sidewalk cafes, small studios, and local eateries set a steady, lived-in rhythm. Purdy Lounge and the Miami Beach Botanical Garden serve as recognizable cultural pillars nearby, with The Bass adding a museum-grade counterpoint. Architecture leans modernist and postwar mid-century, with newer glass towers facing the water. Baywalk segments and pocket parks frame daily routines with open-sky views. Sunset Harbour’s marina edge and dining rooms sit just south, shaping the area’s after-hours energy.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Interior features
Virtual tour available
Exterior features
Publicly maintained road access
Home design
Property type information not provided
Construction
Zoning: 3900
Utilities
Natural gas available
Public water
Sale and tax history for 1485 Bay Rd
Sale History
Tax History
Date
Event
Price
MARMLS #A11899381
Oct 21, 2025
Listed
$3,499,000
Public Records
Dec 1, 1994
Sold
$440,000
Public Records
Jul 27, 1989
Sold
$195,000
Public Records
Nov 1, 1987
Sold
$165,000
Public Records
Apr 1, 1985
Sold
$170,000
Public Records
Mar 1, 1977
Sold
$95,000
Year
Property tax
Land + Additions
Assessment*
2025
$33,673 (+7.2%)
2024
$31,402 (+5.3%)
2023
$29,810 (+17.2%)
2022
$25,435 (+7.3%)
2021
$23,700 (+7.3%)
2020
$22,083 (+6.0%)
2019
$20,827 (+1.2%)
2018
$20,581 (+3.2%)
2017
$19,943 (+2.4%)
2016
$19,481 (+26.8%)
$1,232,000 + $201,364
$1,433,364
2015
$15,369 (+22.3%)
2014
$12,565 (−22.0%)
2013
$16,112 (+10.9%)
2012
$14,527 (−1.1%)
$532,000 + $177,664
$709,664
2011
$14,689
Public record
Public record
Zoning
Permits
Beds
8
Baths
8
Stories
2
Lot width
—
Lot depth
—
Lot size
5,600 Sq. Ft.
Year renovated
1947
Finished Sq. Ft.
5,584
Unfinished Sq. Ft.
—
Total Sq. Ft.
5,584
Year built
1947
Style
Multi-Family (5+ Unit)
County
Miami-Dade County
APN
0232330160190
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 2, 2026.
RM-1
Residential Multifamily, Low Density District
The RM-1 residential multifamily, low density district is designed for low intensity, low rise, single-family and multiple-family residences.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Jun 22, 2022 • Final
Commercial buildings (including condo) - re-roof
Apply a liquid silica-based coating to an existing flat roof.
Roofing
Jun 9, 2016 • Final
Building - commercial - windows/doors
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 102° expected this year, 29 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Miami Beach, FL • 33139
Average low and high temperatures (°F)
74
62
75
66
79
69
80
74
86
78
87
80
88
80
90
80
88
80
84
77
80
72
77
69
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
59/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
5.7 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1485 Bay Rd
$3,241,083
$258K under list price of $3.50M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $645K to $4.8M.