2031 N BAY RD, Miami Beach, FL 33140

2031 N BAY RD, Miami Beach, FL 33140 is a 3-bedroom, 3-bathroom residential - single family : 1 unit built in 1952 with 2,466 square feet of living space on a 6,978 square foot lot. The property is currently owned by MATTHEW TAMBOR, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2009-03-06 for $510,000, when JPMORGAN CHASE BNK N A sold to MATTHEW TAMBOR. The property sold for $423,086 less than the prior sale of $933,086 on 2009-03-06. There are 3 recorded sales for this property.

The 2025 assessed value is $711,442 with a market value of $2,068,446. This breaks down to $1,744,600 for the land and $323,846 for the building. The assessed value increased 3% from $691,087 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. 2031 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 2008 to 2009, with 3 recorded transactions in the public record. The current assessed value represents 139% 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 $207 per square foot — a key metric for comparing value across Miami Beach's real estate market..