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5840 N Bay Rd, Miami Beach FL 33140

Lots/Land Recently Sold
$16,504,000

BTC: 257.87500000

ETH: 9,452.46277205

Sold on: 2020-12-18
16 days
Waterfront
0 room(s)

Overview

**ONE OF THE MOST COVETED PIECE OF LAND IN MIAMI BEACH**150ft of completely unobstructed wide bay views of Downtown Miami with sublime sunset exposure**Plans APPROVED by DRB**Contemporary tropical home oasis on 27,500sf land. Rare opportunity build a one-of-a kind Aman resort inspired home sitting on multiple living pavilions surrounded by water. Architectural plans by renowned Cesar Molina in collaboration with Cohen Developments. 15,125sf of sprawling paradise living space with enchanting landscaping. 8 bed, 12 bath, theater, showcase kitchen, catering kitchen, bar, wine cellar, full spa pavilion w/ sauna, steam, massage room, cold plunge, juice bar, relaxation room, gym, 4+ car garages, resort style pool, 3 jacuzzis.

Location

Florida • Miami Beach • 33140 • Lots/Land • Recently Sold • Waterfront

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.63 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$23,200,000
$8.9M – $34.1M
Confidence Low
List vs. estimate
$5.3M below estimate
List $17,900,000 · -22.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
6 MLS comparables
+ 18 public-records sales within 0.5 mi
Median actual sale: $2.9M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$105,129
2019
View
Bay View
Waterfront
Yes
All facts and features

  • Lot

    • Lot: 0.63 Acres

    Other Property Information

    • Parcel Number: 02-32-15-003-0240

    • Zoning: 2100

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Residential

  • Other financial information

    • Annual tax amount: $105,129

  • Source details

    • MLS ID: A10954473

    Other facts

    • Lot Features: City Location / Build To Suit

    • Direction Faces: Northeast

    • Other Structures: Other Bldg Incl

    • Waterfront: Yes

    • Subdivision Name: LA GORCE GOLF SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33140
573
median $824K
Active
Same city
Miami Beach
2,606
median $650K
Active
Same type
Lots/Land
46
median $1.5M
Active
Similar price
$12.5M – $23.3M
50
median $16.7M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty