Atlantic Luxury Advisors
2200 Bay Dr #3 photo 12200 Bay Dr #3 photo 22200 Bay Dr #3 photo 32200 Bay Dr #3 photo 42200 Bay Dr #3 photo 5

28 photos

2200 Bay Dr #3

Miami Beach, FL 33141

$425,000
2
2
1,035 sq ft
1951
Condominium
$873/mo
Yes
306
Active

Listing courtesy of AAA International Realty (Jimmy Daguer). Contact: [email protected].

About this home

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.

What it costs to own
Estimated monthly payment
$3,881/mo
Principal and interest
$2,149
Property tax
$592
Homeowners insurance
$267
HOA
$873

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$7,099/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$873/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.