5745 N BAY RD, Miami Beach, FL 33140

5745 N BAY RD, Miami Beach, FL 33140 is a 3-bedroom, 2.5-bathroom residential - single family : 1 unit built in 1947 with 2,635 square feet of living space on a 8,344 square foot lot. The property is currently owned by LAWRENCE WELKOVICH MARIA WELKOVICH, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2011-06-21 for $750,000, when HENRY WODNICKI &W JEAN sold to LAWRENCE WELKOVICH. The property sold for $530,000 less than the prior sale of $1,280,000 on 2004-12-01. There are 3 recorded sales for this property.

The 2025 assessed value is $937,009 with a market value of $2,595,008. This breaks down to $2,336,294 for the land and $258,714 for the building. The assessed value increased 3% from $910,602 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.

5745 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 1997 to 2011, with 3 recorded transactions in the public record.

The current assessed value represents 125% 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 $285 per square foot — a key metric for comparing value across Miami Beach's real estate market..