5980 N BAY RD, Miami Beach, FL 33140

5980 N BAY RD, Miami Beach, FL 33140 is a 6-bedroom, 9.5-bathroom residential - single family : 1 unit built in 1940 with 11,690 square feet of living space on a 43,615 square foot lot. The property is currently owned by MARCO V MASOTTI TRS NORTH BAY ROAD H TR, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2021-06-01 for $22,000,000, when 5980 NORTH BAY ROAD TRS sold to MARCO V MASOTTI TRS . The property has appreciated $11,355,000 (107%) since the prior sale of $10,645,000 on 2010-11-29. There are 3 recorded sales for this property.

The 2025 assessed value is $32,730,778 with a market value of $32,923,376. This breaks down to $28,349,750 for the land and $4,573,626 for the building. The assessed value increased 10% from $29,692,548 in 2024.

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. 5980 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 2008 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 149% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $1882 per square foot — a key metric for comparing value across Miami Beach's real estate market..