5150 N BAY RD, Miami Beach, FL 33140

5150 N BAY RD, Miami Beach, FL 33140 is a 6-bedroom, 6-bathroom residential - single family : 1 unit built in 1954 with 6,707 square feet of living space on a 18,585 square foot lot. The property is currently owned by GEORGE T HEISEL GABRIELA L HEISEL, 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 2011-04-01 for $4,568,600, when VRC 5150 LLC sold to GEORGE T HEISEL. The property has appreciated $818,600 (22%) since the prior sale of $3,750,000 on 2010-02-16. There are 3 recorded sales for this property.

The 2025 assessed value is $5,892,711 with a market value of $13,170,053. This breaks down to $12,080,250 for the land and $1,089,803 for the building. The assessed value increased 3% from $5,726,639 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.

5150 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 2011, with 3 recorded transactions in the public record.

The current assessed value represents 129% 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 $681 per square foot — a key metric for comparing value across Miami Beach's real estate market..