3141 N BAY RD, Miami Beach, FL 33140

3141 N BAY RD, Miami Beach, FL 33140 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1950 with 2,152 square feet of living space on a 10,533 square foot lot. The property is currently owned by PALM HORIZON INVESTMENTS LLC, recorded as of 2026-06-20. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2026-06-04 for $3,000,000, when LISA CHOMMIE sold to PALM HORIZON INVESTMENTS LLC. The property has appreciated $2,250,000 (300%) since the prior sale of $750,000 on 2012-03-28. There are 3 recorded sales for this property.

The 2025 assessed value is $956,187 with a market value of $2,992,675. This breaks down to $2,633,400 for the land and $359,275 for the building. The assessed value increased 3% from $929,240 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

The median household income in this area is $181,375, and the median home value is $1,152,300. The population density is 3,125 people per square mile. 3141 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 2012 to 2026, with 3 recorded transactions in the public record. The current assessed value represents 32% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $1394 per square foot — a key metric for comparing value across Miami Beach's real estate market..