5251 N BAY RD, Miami Beach, FL 33140

5251 N BAY RD, Miami Beach, FL 33140 is a 5-bedroom, 4.5-bathroom residential - single family : 1 unit built in 1950 with 5,199 square feet of living space on a 9,575 square foot lot. The property is currently owned by DAVID J KAISERMAN LOREN KAISERMAN, 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 2013-06-14 for $1,250,000, when ERROL MIRMELLI &W GLENDA sold to DAVID J KAISERMAN. The property has appreciated $1,108,000 (780%) since the prior sale of $142,000 on 1983-09-01. The 2025 assessed value is $1,770,327 with a market value of $3,411,307.

This breaks down to $2,681,000 for the land and $730,307 for the building. The assessed value increased 3% from $1,720,435 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. There are active mortgage liens totaling $1,720,614 recorded against this property.

5251 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 1983 to 2013, with 2 recorded transactions in the public record.

The current assessed value represents 142% 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 $240 per square foot — a key metric for comparing value across Miami Beach's real estate market..