2120 BAY AVE, Miami Beach, FL 33139

2120 BAY AVE, Miami Beach, FL 33139 is a 5-bedroom, 5-bathroom residential - single family : 1 unit built in 1957 with 5,778 square feet of living space on a 28,454 square foot lot. The property is currently owned by IAIN SHOVLIN, 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 2025-12-30 for $19,600,000, when 2120 BAY AVENUE LLC sold to IAIN SHOVLIN. The property sold for $13,352,600 less than the prior sale of $32,952,600 on 2022-03-03. There are 4 recorded sales for this property.

The 2025 assessed value is $26,600,000 with a market value of $26,600,000. This breaks down to $18,754,901 for the land and $7,845,099 for the building. The assessed value increased 2% from $26,055,659 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 $17,795,023 recorded against this property. 2120 BAY AVE, Miami Beach, FL 33139 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 2020 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 136% 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 $3392 per square foot — a key metric for comparing value across Miami Beach's real estate market..