1620 BAY RD, Miami Beach, FL 33139

1620 BAY RD, Miami Beach, FL 33139 is a 8-bedroom, 4-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1950 with 4,338 square feet of living space on a 5,250 square foot lot. The property is currently owned by THEMIS FLORIDA LLC C/O TRIANGLE CO, 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 2014-10-16 for $1,400,000, when MISSHKA LOPEZ sold to THEMIS FLORIDA LLC. The property has appreciated $1,271,000 (985%) since the prior sale of $129,000 on 1986-09-01. There are 3 recorded sales for this property.

The 2025 assessed value is $1,831,456 with a market value of $1,831,456. This breaks down to $1,575,000 for the land and $256,456 for the building. The assessed value decreased 0% from $1,835,783 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 $80,318, and the median home value is $370,400.

The population density is 25,535 people per square mile. There are active mortgage liens totaling $1,455,074 recorded against this property. 1620 BAY RD, 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 1976 to 2014, with 3 recorded transactions in the public record. The current assessed value represents 131% 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 $323 per square foot — a key metric for comparing value across Miami Beach's real estate market..