240 BAL BAY DR, Bal Harbour, FL 33154

240 BAL BAY DR, Bal Harbour, FL 33154 is a 7-bedroom, 9-bathroom residential - single family : 1 unit built in 2001 with 8,134 square feet of living space on a 18,721 square foot lot. The property is currently owned by NEAL S LITMAN P A TRS 240 BAL BAY TRUST, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2021-05-14 for $18,817,500, when 240 BAL BAY LP sold to NEAL S LITMAN P A TRS . The property has appreciated $4,817,500 (34%) since the prior sale of $14,000,000 on 2021-03-15. There are 3 recorded sales for this property.

The 2025 assessed value is $19,013,358 with a market value of $19,800,616. This breaks down to $13,573,392 for the land and $6,227,224 for the building. The assessed value increased 3% from $18,477,511 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $91,061, and the median home value is $1,277,200. The population density is 7,880 people per square mile.

There are active mortgage liens totaling $9,541,283 recorded against this property. 240 BAL BAY DR, Bal Harbour, FL 33154 is located in Bal Harbour, Florida. Property records, tax assessments, sales history, and ownership information for this Bal Harbour property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2013 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 101% of the most recent sale price. Based on the most recent sale, this property traded at $2313 per square foot — a key metric for comparing value across Bal Harbour's real estate market..