5940 N BAY RD, Miami Beach, FL 33140

5940 N BAY RD, Miami Beach, FL 33140 is a 8-bedroom, 14.5-bathroom residential - single family : 1 unit built in 1936 with 16,910 square feet of living space on a 102,090 square foot lot. The property is currently owned by 5940 NBR OWNER 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 2025-07-17 for $105,000,000, when SONNY KAHN &W SUZANNE sold to 5940 NBR OWNER LLC. The property has appreciated $102,600,000 (4275%) since the prior sale of $2,400,000 on 1991-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $14,121,780 with a market value of $53,520,362. This breaks down to $50,024,100 for the land and $3,496,262 for the building. The assessed value increased 3% from $13,723,791 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $191,786, and the median home value is $2,000,001. The population density is 2,726 people per square mile.

5940 N BAY RD, Miami Beach, FL 33140 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 1985 to 2025, with 3 recorded transactions in the public record.

The current assessed value represents 13% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $6209 per square foot — a key metric for comparing value across Miami Beach's real estate market..