5048 N BAY RD, Miami Beach, FL 33140

5048 N BAY RD, Miami Beach, FL 33140 is a 7-bedroom, 10.5-bathroom residential - single family : 1 unit built in 1936 with 7,634 square feet of living space on a 32,085 square foot lot. The property is currently owned by J BRIAN CARDEN TRS 5048 5050 N BAY TRUST, 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 2020-02-18 for $14,200,000, when SPN FLORIDA LLC sold to J BRIAN CARDEN TRS. The property has appreciated $14,199,900 (14199900%) since the prior sale of $100 on 2019-09-20. There are 3 recorded sales for this property.

The 2025 assessed value is $12,148,182 with a market value of $22,640,437. This breaks down to $20,855,250 for the land and $1,785,187 for the building. The assessed value increased 3% from $11,748,003 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.

5048 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 2019 to 2020, with 3 recorded transactions in the public record.

The current assessed value represents 86% of the most recent sale price. Based on the most recent sale, this property traded at $1860 per square foot — a key metric for comparing value across Miami Beach's real estate market..