Lot/land

$39,500,000

5840 N Bay Rd, Miami Beach, FL 33140

--beds

--baths

0.64Acres

Boat Slip

Built in ----

0.64 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

One of the very few remaining grand waterfront offerings on North Bay Road, this exceptional property presents a rare opportunity to create an iconic Miami Beach estate. Set on a massive 27,700 SF lot with 150 feet of prime bay frontage, the property showcases unobstructed, sweeping views of the downtown Miami skyline — an extraordinary backdrop for a masterpiece residence. Ideally positioned in one of Miami Beach’s most coveted enclaves, the property offers the privacy, scale, and exclusivity sought by discerning buyers. With its tremendous footprint and premier address, the site provides an exceptional opportunity to create an iconic waterfront residence that balances privacy, scale, and timeless Miami luxury living.

77 days

558

23

Facts & features

Interior

Video & virtual tour

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Property

Features

On waterfront: Yes
Waterfront features: No Fixed Bridges, Ocean Access, Seawall, Bay
Frontage type: Bay/Harbor
Frontage length: 150

Lot

Size: 0.64 Acres
Features: Other
Residential vegetation: Other Trees

Details

Additional structures: None
Parcel number: 0232150030240
Zoning: 2100

Community & HOA

Community

Subdivision: La Gorce Golf Sub

HOA

Has HOA: No

Location

Region: Miami Beach

Financial & listing details

Tax assessed value: $16,682,946
Annual tax amount: $246,967
Date on market: 10/31/2025
Listing terms: All Cash

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/31/2025	Listed for sale	$39,500,000+72.9%
Source: Douglas Elliman #A11906157 Report a problem
4/21/2025	Sold	$22,850,000-20.7%
Source: MIAMI #A11690449 Report a problem
1/17/2025	Pending sale	$28,800,000
Source: MIAMI #A11690449 Report a problem
11/8/2024	Listed for sale	$28,800,000-2.4%
Source: MIAMI #A11690449 Report a problem
7/1/2024	Listing removed	--
Source: MIAMI #A11334943 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$246,967 +4.5%	$11,225,094 +10%
2023	$236,233 +20.2%	$10,204,631 +10%
2022	$196,457 +20.6%	$9,276,938 +10%

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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