1485 Bay Rd Miami Beach, FL Premier South Beach Multifamily Investment Opportunity. Prime Corner Location | 8 Total Units | Redevelopment Potential. Presenting a rare opportunity to acquire a well-maintained eight-unit multifamily building in one of South Beach`s most coveted locations. Situated on the prime corner of Bay Road directly across from the iconic Flamingo South Beach, this property offers exceptional visibility and an enviable address in the heart of Miami Beach`s most dynamic neighborhood. Nearby luxury residential includes the Monad Terrace condominiums and several others. This premier corner parcel benefits from maximum exposure on Bay Road, one of South Beach`s most desirable residential corridors.