3151 N BAY RD, Miami Beach, FL 33140

3151 N BAY RD, Miami Beach, FL 33140 is a residential - single family : 1 unit built in 2021 with 2,879 square feet of living space on a 9,810 square foot lot. The property is currently owned by ALEJANDRO NASIO SUSANA ALVAREZ, 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 2017-07-27 for $1,045,000, when WILLIAM CALDERIN sold to ALEJANDRO NASIO. The property has appreciated $932,120 (826%) since the prior sale of $112,880 on 2010-01-29. There are 3 recorded sales for this property.

The 2025 assessed value is $2,302,535 with a market value of $3,423,602. This breaks down to $1,962,000 for the land and $1,461,602 for the building. The assessed value increased 3% from $2,237,644 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. 3151 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 1991 to 2017, with 3 recorded transactions in the public record. The current assessed value represents 220% 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 $363 per square foot — a key metric for comparing value across Miami Beach's real estate market..