5840 N Bay Rd Miami Beach, FL 33140
La Gorce Neighborhood
0.62
Acre
$36,854,839
Price per Acre
27,007
Sq Ft Lot
Highlights
- Private Dock
- Property Fronts a Bay or Harbor
- No HOA
- North Beach Elementary School Rated A-
- 0.62 Acre Lot
- Unrestricted saltwater access
About This Lot
As of April 2025Set on one of the last large waterfront parcels in Miami Beach’s prestigious North Bay estate section, 5840 N BayRoad presents a rare and remarkable opportunity to craft a legacy residence in an exclusive enclave. With 150’ ofunobstructed bayfront views, direct sightlines to the Miami skyline, and a readiness for a multi-structure estate ofup to 13,587 SF+/-, this land offers an extraordinary canvas for luxury living. Envisioned for the most discerningbuyer, this property combines the elegance of North Bay Road with modern Miami vibrancy—ready to become aprivate, luxurious escape that captures the true spirit of Miami Beach.
Property Details
Property Type
- Land
Est. Annual Taxes
- $246,967
Year Built
- 1929
Lot Details
- 0.62 Acre Lot
- 150 Ft Wide Lot
- Property Fronts a Bay or Harbor
- West Facing Home
- Cleared Lot
- Property is zoned 2100
Property Views
- Bay Views
Listing and Financial Details
- Assessor Parcel Number 02-32-15-003-0240
Community Details
Overview
- No Home Owners Association
- La Gorce Golf Sub Condos
- La Gorce Golf Sub Subdivision
Recreation
- Unrestricted saltwater access
- Seawall
- Private Dock
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | Sold | $22,850,000 | -20.7% | $3,901 / Sq Ft |
| 01/17/2025 01/17/25 | Pending | -- | -- | -- |
| 11/08/2024 11/08/24 | For Sale | $28,800,000 | +74.5% | $4,916 / Sq Ft |
| 12/18/2020 12/18/20 | Sold | $16,504,000 | -7.8% | $2,817 / Sq Ft |
| 11/03/2020 11/03/20 | For Sale | $17,900,000 | +32.6% | $3,056 / Sq Ft |
| 09/27/2019 09/27/19 | Sold | $13,500,000 | -9.4% | $2,305 / Sq Ft |
| 09/18/2019 09/18/19 | Pending | -- | -- | -- |
| 08/12/2019 08/12/19 | Price Changed | $14,900,000 | +88.6% | $2,544 / Sq Ft |
| 07/10/2019 07/10/19 | Price Changed | $7,900,000 | -11.2% | $1,349 / Sq Ft |
| 05/24/2019 05/24/19 | For Sale | $8,900,000 | -35.7% | $1,519 / Sq Ft |
| 09/06/2018 09/06/18 | Sold | $13,850,000 | -9.2% | $2,364 / Sq Ft |
| 02/21/2018 02/21/18 | Pending | -- | -- | -- |
| 08/16/2017 08/16/17 | For Sale | $15,250,000 | 0.0% | $2,603 / Sq Ft |
| 11/17/2014 11/17/14 | Sold | $15,250,000 | -4.1% | $2,453 / Sq Ft |
| 08/19/2014 08/19/14 | Pending | -- | -- | -- |
| 03/27/2014 03/27/14 | For Sale | $15,900,000 | -- | $2,557 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $236,233 | $11,225,094 | -- | -- |
| 2023 | $236,233 | $10,204,631 | $0 | $0 |
| 2022 | $196,457 | $9,276,938 | $0 | $0 |
| 2021 | $162,836 | $8,433,580 | $8,426,948 | $6,632 |
| 2020 | $105,025 | $5,424,964 | $5,421,600 | $3,364 |
| 2019 | $105,129 | $5,425,011 | $5,421,600 | $3,411 |
| 2018 | $176,609 | $9,391,995 | $9,385,076 | $6,919 |
| 2017 | $223,537 | $11,738,549 | $0 | $0 |
| 2016 | $301,319 | $14,753,866 | $0 | $0 |
| 2015 | $272,024 | $13,730,044 | $0 | $0 |
| 2014 | $45,638 | $2,286,431 | $0 | $0 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $17,550,000 | Balloon | |
| Previous Owner | $9,775,000 | Commercial | |
| Previous Owner | $250,000 | Unknown |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $17,550,000 | None Listed On Document | |
| Special Warranty Deed | $16,504,000 | Attorney | |
| Special Warranty Deed | $3,273,200 | Attorney | |
| Special Warranty Deed | $13,850,000 | Attorney | |
| Special Warranty Deed | -- | Attorney | |
| Warranty Deed | $15,250,000 | Attorney |
Source: Public Records
Similar Properties in Miami Beach, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11690449
APN: 02-3215-003-0240
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