MIAMI—The last waterfront development site in Miami’s Brickell neighborhood is up for grabs. CBRE is marketing 1201 Brickell Bay Dr. for sale and it could fetch more than $300 million.

1201 Brickell Bay Dr. is a shovel-read, 2.5-acre site with 300 linear feet of frontage on Biscayne Bay. The site has existing approvals for more than 2 million square feet of development. Current plans call for 787 condominium units, 1,500 parking spaces, waterfront restaurants and retail.

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