5840 N Bay Road, Miami Beach, FL 33140

$39,500,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11906157

Property Type: Land & Docks Lot Size (sq. ft.): 27,702 Status: Active

Current Price: $39,500,000 List Date: 10/31/2025 Last Modified: 6/08/2026

Overview

Description

One of the very few remaining grand waterfront offerings on North Bay Road, this exceptional property presents a rare opportunity to create an iconic Miami Beach estate. Set on a massive 27,700 SF lot with 150 feet of prime bay frontage, the property showcases unobstructed, sweeping views of the downtown Miami skyline — an extraordinary backdrop for a masterpiece residence.Ideally positioned in one of Miami Beach’s most coveted enclaves, the property offers the privacy, scale, and exclusivity sought by discerning buyers. With its tremendous footprint and premier address, the site provides an exceptional opportunity to create an iconic waterfront residence that balances privacy, scale, and timeless Miami luxury living.

Listing Details MLS# A11906157

General Property Information

Property Sub Type: Unimproved Land
Number Of Lots: Yes
Lot Size Acres: 0.64
Lot Size Square Feet: 27702
Lot Size Dimensions: 27702
Waterfront YN: Yes
Water Frontage Feet: 150
Direction Faces: West
LP/SqFt: 1425.89

Property Features

Current Use: Check Land Use Plan; Residential; Single Family Development Status: Raw Land Other Structures: None Possession: Negotiable Trees: Other Listing Terms: Cash Lot Features: Other Water Access: Ocean Access; Other Waterfront Features: Bayfront; Seawall; No Fixed Bridges Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 39500000
LP/Acre: 62106918.24

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 5840
Street Direction Prefix: N
Street Name: Bay
Street Suffix: Road
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33140
Postal Code +4: 2043
Postal Zip: 33140
Subdivision Name: LA GORCE GOLF SUB
Area: 2320
Elementary School: North Beach
Middle Or Junior School: Miami Beach Nautilus
High School: Miami Beach
Parcel Number: 0232150030240
Subdivision Number: 3
Zoning: 2100
Flood Zone: AE

Financial Information

Tax Year: 2024
Tax Annual Amount: 246967
Tax Legal Description: LA GORCE GOLF SUB PB 14-43 LOTS 28 & 29 BLK 1-A LOT SIZE 27702 SQ FT M/L

Status Change Information

Major Change Timestamp: 2026-05-26T14:06:41Z
Major Change Type: Back on Market
Status Change Date: 2026-05-26

More Information

Price Calculations

Current Price To SqFt: 1425.77

Section Details

Parcel Number MLX: 0240

Originating Details

Originating System Key: 422597080
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Current Use

Check Land Use Plan: Yes
Residential: Yes
Single Family: Yes

Development Status

Raw Land: Yes

Other Structures

None: Yes

Possession

Negotiable: Yes

Trees

Other: Yes

Water Access

Ocean Access: Yes
Other: Yes

Listing Terms

Cash: Yes

Lot Features

Other: Yes

Waterfront Features

Bayfront: Yes
Seawall: Yes
No Fixed Bridges: Yes

Showing Requirements

Call Listing Agent: Yes

Listing Office: Douglas Elliman

Last Updated: June - 08 - 2026

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5840 N Bay Road, Miami Beach, FL 33140 (MLS# A11906157)