2940 N BAY RD, Miami Beach, FL 33140

2940 N BAY RD, Miami Beach, FL 33140 is a 6-bedroom, 9.5-bathroom residential - single family : 1 unit built in 1933 with 10,873 square feet of living space on a 43,988 square foot lot. The property is currently owned by JAMES A GOLDSMITH &W MONICA J GOLDSMITH, 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 2009-09-04 for $4,038,947, when MARK R KING TRS OF sold to JAMES A GOLDSMITH &W. There are 3 recorded sales for this property. The 2025 assessed value is $14,568,524 with a market value of $25,267,146.

This breaks down to $21,933,891 for the land and $3,333,255 for the building. The assessed value increased 3% from $14,157,944 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. 2940 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 2006 to 2009, with 3 recorded transactions in the public record. The current assessed value represents 361% 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 $371 per square foot — a key metric for comparing value across Miami Beach's real estate market..