When was property at 1398 Bay Drive built and last sold?

The property at 1398 Bay Drive was built in 1939 and last sold on Nov 22, 2022 for $500,000.

How much is this home worth?

The estimated value of the home located at 1398 Bay Drive is $12,120,000.

What are some comparable homes to 1398 Bay Drive?

There are currently no comparable homes to 1398 Bay Drive.

Miami Beach

33141

Normandy Isles

1398 Bay Dr

Map

Video Tour

$12,000,000

● House - For Sale

1398 Bay Dr

Miami Beach, FL 33141

5 Beds

5 Baths, 1 Half Bath

4,115 Ft²

$60,802

Est. Monthly

About This Property

Welcome to this spectacular 5 bedroom, 5 1/2 bathroom private tropical oasis on over 65 feet of open Bay with a 45 foot dock. Live your best indoor/outdoor luxury lifestyle with French doors opening up to beautiful terraces throughout this renovated Mediterranean estate. This incredible home is perfect for entertaining with a gorgeous family room and wet bar overlooking the Bay as well as an incredible eat in chef's kitchen with 60" Wolf Duel Stove with French Top, 45" Subzero refrigerator/freezer, 36" Hoshizaki ice maker, Subzero wine refrigerator, Wolf warming drawer and stunning marble island. The Elan Smart Home is surrounded by 8 foot privacy wall, Hikvision cameras as well as mature lush foliage that creates a secluded dream home. Come see this one of a kind waterfront property. You do not want to miss it!

Unit Size

4,115 Ft²

Days on Market

241 days

Land Size

0.25 acres

Price per sqft

$2,916

Property Type

House

Property Taxes

$1,880

HOA Dues

Year Built

1939

Listed By

Audrey Ross

[email protected]

Compass Florida LLC

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Last updated: 23 days ago (Miami MLS #A11958741)

Price History

Date / Event	Date	Event
Feb 4, 2026	Listed by Compass Florida, LLC	$12,000,000
Listed by Compass Florida, LLC
Dec 16, 2022	Sold	Premium
Sold
May 27, 2022	No longer available	-
No longer available
Apr 14, 2022	Price Decreased	$8,699,000 ↓ $2M (17.2%)
Price Decreased
Feb 2, 2022	Relisted	$10,500,000
Relisted
Jan 28, 2022	No longer available	-
No longer available
Nov 30, 2021	Listed by Compass Florida, LLC.	$10,500,000
Listed by Compass Florida, LLC.

	This 11,000 sq ft Mediterranean-style estate surrounded by lush landscaping and overlooking the bay is a homeowner’s dream. From its front courtyard entry, experience the distinguished feel of the interior living spaces created by contrasting light and warm tones. Natural light pours in from French doors enlivening the indoor settings with views of water and deep green flora. No expense was spared in the kitchen’s generous white marble countertops, farmhouse sink, state-of-the-art Wolf appliances, and the Belen Calacatta backsplash. Entertain with panache as the expansive indoor dining area opens up to an exterior courtyard. Invite guests in the oversized pool and spa or charter your boat from the private dock. The 5-bed, 5 ½ bath promises to delight the senses.
Dec 27, 2005	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

With View

Parking Details

Has Garage

Attached Garage

Has Open Parking

Parking Features: Driveway

Garage Spaces: 2

Interior Details

Half Bathrooms: 1

Full Bathrooms: 5

Interior Features: Built-in Features, Pantry, Walk-In Closet(s), First Floor Entry, Cooking Island, Family Room, Utility Room/Laundry

Appliances: Dishwasher, Dryer, Ice Maker, Gas Range, Refrigerator, Washer

Flooring Type: Terrazzo, Tile, Wood

Laundry Features: Utility Room/Laundry

Exterior Details

Square Footage: 4115

Security Features: Fire Alarm, Smoke Detector(s)

Architectural Style: Detached, Two Story

Year Built: 1939

Waterfront Features: Ocean Access, No Fixed Bridges

Building Name: OCEANSIDE SEC ISLE OF NOR

Building Area Total: 6642

Building Area Units: Square Feet

Window Features: Bay Window(s), Complete Impact Glass, Impact Glass

Construction Materials: CBS Construction

Patio and Porch Features: Deck, Patio

Pool Features: In Ground

Lot Features: 1/4 To Less Than 1/2 Acre Lot

Lot Size Area: 10880

Lot Size Units: Square Feet

Lot Size Acres: 0.25

Lot Size Square Feet: 10880

Water Source: Municipal Water

Financial Details

Tax Annual Amount: $22,558

Utilities Details

Cooling Type: Central Air, Electric

Heating Type: Central, Electric

Sewer : Public Sewer

Building Info

Overview

General

Year Built: 1939

Effective Year Built: 2008
Building Count: 1
Bedroom Count: 5
Bathroom Count: 4
Full Bathrooms: 4
Partial Bathrooms: 4
Building Condition: 0
Building Quality: 13
Construction Type: 4
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 0
Roof Shape Type: 13
Roof Cover Type: 0
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 12
Porch Type: 36
Pool Type: 2

Dimensions

Lot Size Square Feet: 10,880

Lot Size Depth Feet: 1,700
Lot Size Frontage Feet: 640
Total Building Area: 6,174
Gross Building Area: 6,174
Building Area: 4,934
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 4,934
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: OCEAN SIDE
Land Acres: 0000000250
Standard Land Use Code: 1001
County Land Use Code: 0101
State Land Use Code: 001
Legal Description 1: OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 1 BLK 14 LOT SIZE 64.000 X 170 COC 24086-0698 12 2005 1

Neighborhood

School District Name: Dade County School District

School Tax School District: MIAMI BEACH
Census Tract: 003915

Zoning

Zoning: 0100

Geography

Assessors Map Reference: 171

District: 02
Parcel: 02-3210-013-2200
Block: 14
Lot: 1
Meridian: SEC 10 TWN 53S RNG 42E
Municipality: MIAMI BEACH
Latitude: 25.8513
Longitude: -80.1331

Address

Full Address: 1398 Bay Dr

Address - House Number: 1398
Address - Street Name: Bay
Address - Suffix Type: Dr
State: FL
City Name: Miami Beach
Carrier Code: C016
4-Digit Zip Code: 3628
Zip Code: 33141

Valuation

Tax

Total Area: 5,264

Tax Year: 2023
Tax Amount: $2,131,196
Tax Rate Code Area: 200

Appraisal Valuation

Standard Deviation: 0.1807

Valuation Date: Apr 03, 2024
Confidence Score: 76
Final Value: 4,658,089
High Value: 5,499,889
Low Value: 3,816,289

Market Valuation

Market Total Value: $4,322,393

Market Land Value: $3,536,192
Market Improvement Value: $786,201

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $1,168,951

Sales

Current Sale Contract Date: Nov 22, 2022

Current Sale Recording Date: Dec 16, 2022
Current Sale Price:

Premium
Current Sale Document Type: 21
Current Sale Input Document Number: 940226
Previous Sale Recording Date: Dec 27, 2005
Previous Sale Contract Date: Dec 20, 2005
Previous Sale Amount: $1,600,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

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Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

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Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Normandy Isles

Stats & Trends

Median Asking:

$317,500

Sale Price/ft²

$353

Below Asking

0.01%

Average Days on Market

Average Home Size

2081 ft²

Average Home Age

60.5 years

Currently For Sale

94 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$7,000 /mo

3 Beds
2 Baths
1,700 ft²

6301 Collins Avenue #2603, Miami Beach, FL, 33141 Listing by Dustin Fealy

Unit for rent at 580 72nd Street, Miami Beach, FL, 33141

$4,500 /mo

1 Bed
1 Bath
466 ft²

580 72nd Street #1413, Miami Beach, FL, 33141 Listing by Edward Gurovich

Unit for rent at 5875 Collins Avenue, Miami Beach, FL, 33140

$6,200 /mo

1 Bed
1 Bath
833 ft²

5875 Collins Avenue #1606, Miami Beach, FL, 33140 Listing by Marla P Garcia

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Audrey Ross
Compass Florida, LLC
Last Updated: 23 days ago
Data Source: Miami MLS, MLS# A11958741

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.