6949 Bay Dr Prime Waterfront Investment Opportunity on Normandy Prime Waterfront Development Opportunity – 6949 Bay Dr, Miami Beach, FL 33141 A rare opportunity to acquire a vacant waterfront lot on the desirable Normandy Isle in Miami Beach. This 9, 750 sq ft property is ideally zoned RM-1, allowing for a range of development options including luxury multifamily, or mixed-use residential. Situated on a wide canal with no fixed bridges, the lot offers direct water access and stunning views—perfect for adding docks or premium amenities. Located within a revitalization zone backed by the City of Miami Beach, the area is poised for long-term growth with planned infrastructure improvements and increased demand. Just minutes from the beach, dining, and entertainment, this parcel combines location, flexibility, and long-term upside. Whether you’re an investor looking to hold and appreciate or a developer ready to build, 6949 Bay Dr is a high-potential asset in a limited-inventory market.