7124 BAY DR, Miami Beach, FL 33141

7124 BAY DR, Miami Beach, FL 33141 is a 8-bedroom, 8-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1940 with 4,732 square feet of living space on a 5,250 square foot lot. The property is currently owned by MAGIC CITY SURF LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2024-06-28 for $1,765,000. There are 6 recorded sales for this property. The 2025 assessed value is $1,575,227 with a market value of $1,575,227.

This breaks down to $682,500 for the land and $892,727 for the building. The assessed value increased 7% from $1,475,130 in 2024. The median household income in this area is $63,542, and the median home value is $628,700.

The population density is 16,540 people per square mile. There are active mortgage liens totaling $1,232,000 recorded against this property. 7124 BAY DR, Miami Beach, FL 33141 is located in Miami Beach, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2022 to 2024, with 6 recorded transactions in the public record. The current assessed value represents 89% of the most recent sale price.

Based on the most recent sale, this property traded at $373 per square foot — a key metric for comparing value across Miami Beach's real estate market..