2125 N BAY RD, Miami Beach, FL 33140

Parcel: 0232270081270 · Residential - Single Family · 1 Unit · Zoning: 0100

Assessed Value (2025)
$4,140,372

Property Details

Beds
3
Baths
4.5
Living Sqft
3,591
Year Built
2014
Lot Sqft
7,320
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$3,000,000
2017-06-13
ADI SCHIMKOROGER BALLOU
2
$4,200,000+40%
2021-03-23
ROGER BALLOUTHOMAS LARSEN
3
$4,800,000+14%
2021-12-13
THOMAS LARSENMFRE LLC
4
$4,800,000
2022-01-06

Tax Assessment History

$4,140,372
Assessed (2025)
$4,140,372
Market Value
$4,140,372
Taxable Value
$84,295
Annual Tax
2024
$4,312,273
2025
$4,140,372
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $4,140,372 $4,140,372 $4,140,372 $84,295
2024 $4,312,273 $4,312,273 $4,312,273 $87,794

About 2125 N BAY RD, Miami Beach, FL 33140

2125 N BAY RD, Miami Beach, FL 33140 is a 3-bedroom, 4.5-bathroom residential - single family : 1 unit built in 2014 with 3,591 square feet of living space on a 7,320 square foot lot. The property is currently owned by MFRE LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2022-01-06 for $4,800,000. There are 4 recorded sales for this property. The 2025 assessed value is $4,140,372 with a market value of $4,140,372.

This breaks down to $1,830,000 for the land and $2,310,372 for the building. The assessed value decreased 4% from $4,312,273 in 2024. 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 $3,177,098 recorded against this property. 2125 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 2017 to 2022, with 4 recorded transactions in the public record. The current assessed value represents 86% of the most recent sale price. Based on the most recent sale, this property traded at $1337 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

MFRE LLC
546 5 AVE 22 FLOOR, NEW YORK, NY, 10036
Since: 2026-03-29
View owner profile →

People Behind This Entity

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$25,242 — $42,203
Flood $400 — $800
Property/Wind $24,842 — $41,403

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$181,375
Median Home Value$1,152,300
Pop. Density3,125/sq mi

Neighborhood 33140

27%
Owner-Occ
73%
Investor
2,819
Flips (4yr)
4,853
New Biz (3yr)
Distress Risk
MODERATE
31
View full risk analysis →

Mortgages

ACTIVE
$3,840,000
~$3,177,098 bal.
BANK OF AMERICA NA · 2022-07-25
1 satisfied mortgage
SATISFIED 2021-04-09
$2,160,000
CITIZENS BANK NA
Est. Total Balance $3,177,098
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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