1601 BAY RD 2, Miami Beach, FL 33139

1601 BAY RD 2, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1965 with 1,052 square feet of living space. The property is currently owned by GLT GROUP LLC, 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 2013-06-25 for $158,000, when HSBC BANK USA TRS sold to GLT GROUP LLC. The property has appreciated $30,400 (24%) since the prior sale of $127,600 on 2013-01-24. There are 3 recorded sales for this property.

The 2025 assessed value is $364,560 with a market value of $387,469. The assessed value increased 10% from $331,419 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.

1601 BAY RD 2, 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 2006 to 2013, with 3 recorded transactions in the public record.

The current assessed value represents 231% 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 $150 per square foot — a key metric for comparing value across Miami Beach's real estate market..