2955 N BAY RD, Miami Beach, FL 33140

2955 N BAY RD, Miami Beach, FL 33140 is a 5-bedroom, 5.5-bathroom residential - single family : 1 unit built in 2020 with 4,904 square feet of living space on a 10,248 square foot lot. The property is currently owned by PATRICK M ASSALI MARIA LORENA CELAURO ASSALI, 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 2014-07-11 for $750,000, when RICHARD FLAMBERT sold to PATRICK M ASSALI. The property has appreciated $10,000 (1%) since the prior sale of $740,000 on 2013-07-10. There are 3 recorded sales for this property.

The 2025 assessed value is $2,217,395 with a market value of $3,695,465. This breaks down to $2,562,000 for the land and $1,133,465 for the building. The assessed value increased 3% from $2,154,903 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. There are active mortgage liens totaling $2,895,934 recorded against this property.

2955 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 2005 to 2014, with 3 recorded transactions in the public record.

The current assessed value represents 296% 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 $153 per square foot — a key metric for comparing value across Miami Beach's real estate market..