Lakes by the Bay is a neighborhood and former census-designated place (CDP) in Miami-Dade County, Florida, United States.

In August 1992, Lakes by the Bay and the surrounding South Miami-Dade area were severely damaged by Hurricane Andrew.

Although many areas of Miami were heavily affected by Hurricane Andrew, Lakes by the Bay was one of the worst affected and remains a reminder of the hurricane's extensive disaster in the city today.

The racial makeup of the CDP was 72.92% White (of which 36.7% were Non-Hispanic White,)[8] 15.36% African American, 0.18% Native American, 2.78% Asian, 0.10% Pacific Islander, 4.69% from other races, and 3.96% from two or more races.

23.1% of all households were made up of individuals, and 10.1% had someone living alone who was 65 years of age or older.