Rare Investor Opportunity with Dock Space – Coastal Miami Living! A truly rare offering for investors: secure a leased 1BD + den apartment with a market-rate tenant and the option to lease one of only six private boat slips—accommodating vessels up to 44 feet. Just a half-mile from the beach, this boutique building has recently completed its 40-year recertification along with a brand-new seawall and dock. Apartment features: New kitchen appliances, renovated bathroom, skim-coated walls and ceilings, Florida pine hardwood floors, cedar-lined closets, designer lighting, and a spacious terrace with views of Biscayne Bay. Building amenities include a laundry room, kayak storage, and a secure bike area. With a local market, bars, and restaurants steps away, this is classic Miami coastal living.
Listed by Michael Carioti
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License #3355424
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Direct Real Estate
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917-428-7629
Last updated October 22, 2025
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Source: MIAMIRE #A11900831
Listing Facts
TypeCondo
NeighborhoodIsle of Normandy Ocean Side
Bedrooms1
Bathrooms1
Days on Prevu1
HOA/Maint. Fees$553/month
Taxes$3,831/year
Size763 sqft
Price per sqft$446
Amenities
Private Outdoor Space
Pets Allowed
Air Conditioning
Bike Storage
Swimming Pool
Location
Mortgage Calculator
Listing History
10/22/2025
Listed by Direct Real Estate
$340,000
Property Details for 6881 Bay Dr 7
Association
Amenities
Association Amenities: Bike Storage, Boat Dock, Laundry, Pool
Pets Allowed: Restrictions Or Possible Restrictions
Fees
Association Fee: $553.00 Monthly
Association Fee Includes: Sewer, Trash Removal, Water
Exterior
Construction
Property Attached: Yes
Stories Total: 3
Structure Type: Condo 1-4 Stories, Condo
Year Built: 1948
Year Built Details: Condo-Conversion
Building Name: BAY DRIVE CONDO
Construction Materials: Other
Entry Level: 1
Exterior Features: None, Courtyard, Open Balcony
Features
Patio And Porch Features: Open Balcony, Open Porch
View: Bay, Intracoastal View, Pool Area View
Waterfront Features: Intracoastal Front
Waterfront: Yes
Measurements
Building Area Total: 763
Building Area Units: Square Feet
Frontage Type: Bay
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 02-32-10-049-0200
Tax Annual Amount: $3,831.00
Tax Year: 2024
Interior
Features
Appliances: Electric Range, Refrigerator
Flooring: Tile, Wood
Interior Features: First Floor Entry
Measurements
Living Area: 763
Living Area Units: Square Feet
Rooms
Bathrooms Full: 1
Bathrooms Total Integer: 1
Bedrooms Total: 1
Other
Location
Subdivision Name: BAY DRIVE CONDO
Parking
Parking
Open Parking: Yes
Parking Features: Rv/Boat Parking, On Street
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.