See Home Value
$20,773,655*
House - Off Market

5860 N BAY RD

Miami Beach, FL 33140
bedrooms
Studio
bathrooms
0 Bath
$11,610,000 - $14,190,000
Reference Base Price*
61.04%
Since Nov 1, 2020
FL-Miami
Primary Model
Sold Dec 02, 2020
$10,955,000
$15,000,000 by First Horizon Bank
Mortgage Due Nov 01, 2051
Sold May 15, 2014
$9,650,000
$4,000,000 by Florida Community Bank Na
Mortgage

About This Property

30,000 +\- SF lot with 150 FT of waterfront on North Bay Road with downtown views. Perfect to build your dream home or invest for the future. Plans for a beautiful modern home have been submitted to the city awaiting approval. See renderings.
Unit Size
-
Days on Market
-
Land Size
0.69 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,813
HOA Dues
-
Year Built
1948

Price History

Date / Event Date Event Price
Oct 15, 2020 No longer available -
No longer available
May 5, 2020 Price Decreased $12,900,000
↓ $1M (7.2%)
Price Decreased
Nov 28, 2019 Price Decreased $13,900,000
↓ $2M (12.6%)
Price Decreased
Mar 5, 2019 Listed $15,900,000
Listed
Feb 11, 2019 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Building Count: 1
  • Bedroom Count: 7
  • Bathroom Count: 9
  • Full Bathrooms: 8
  • Partial Bathrooms: 9
  • Building Quality: A
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 370
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 28,686
  • Lot Size Depth Feet: 2,070
  • Lot Size Frontage Feet: 1,108
  • Total Building Area: 17,974
  • Gross Building Area: 17,974
  • Building Area: 17,974
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 12,615
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: LA GORCE GOLF SUB
  • Land Acres: 0.659
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: 10-22-11 53 42 LA GORCE GOLF SUB PB 14-43 LOT 25 BLK 1-A & BEG AT NE COR OF LOT 25 NWLY 193.5FT FOR POB NLY AD 54FT M/L NWLY 30FT M/L SLY 54.9FT M/L SELY 30FT M/L TO POB & LESS BEG SW COR OF TR A OF PB 38-67 TH S 70 DEG E 30.20FT SLY AD 27.21FT N 70

Ownership

  • Current Owner : POSNER JARRET
  • Current Owner 2: POSNER PAMELA
  • Previous Owner : AMBASSA HOLDINGS INC
  • Owner Before Previous Owner: SCHINDLER ROGER J
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 04, 2024

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 003906

Zoning

  • Zoning: 2100

Geography

  • Assessors Map Reference: 173
  • District: 02
  • Subdivision Tract Number: A
  • Parcel: 02-3215-003-0220
  • Block: 1
  • Lot: 25
  • Meridian: SEC 15 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8403
  • Longitude: -80.1325

    Address

  • Full Address: 5860 N Bay Rd
  • Address - House Number: 5860
  • Street Direction: N
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C016
  • 4-Digit Zip Code: 2043
  • Zip Code: 33140

Valuation

    Tax

  • Total Area: 13,901
  • Tax Year: 2023
  • Tax Amount: $244,621
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $15,000,000
  • First Open Lien Mortgage Lender: FIRST HORIZON BANK
  • First Open Lien Mortgage Recording Date: Oct 26, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $15,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $17,275,500
  • Market Land Value: $17,268,972
  • Market Improvement Value: $6,528

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,566,931

    Sales

  • Current Sale Contract Date: Nov 19, 2020
  • Current Sale Recording Date: Dec 02, 2020
  • Current Sale Transaction ID: 11807687338
  • Current Sale Price: $10,955,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0690574
  • Previous Sale Recording Date: May 15, 2014
  • Previous Sale Contract Date: May 06, 2014
  • Previous Sale Amount: $9,650,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: FLORIDA COMMUNITY BANK NA
  • Previous Mortgage Transaction Date: May 15, 2014
  • Previous Mortgage Loan Amount: $4,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
5.5 Baths
4,642 ft²
$2,774/ft²
$12,875,000 Nov 12, 2022
-
$1,534/mo
House
5 Beds
6 Baths
3,194 ft²
$3,757/ft²
$12,000,000 Apr 20, 2022
-
$5,032/mo
House
5 Beds
5 Baths
4,512 ft²
$2,327/ft²
$10,500,000 Nov 1, 2022
-
$10,483/mo

About La Gorce


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Nearby Rentals

Unit for rent at

$1,750 /mo

  • Studio
  • 1 Bath
  • 600 ft²
Listing by Daniel Veitia
Unit for rent at

$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 578 ft²
Listing by Silvia Coitino


Frequently Asked Questions

When was property at 5860 North Bay Road built and last sold?
The property at 5860 North Bay Road was built in 1948 and last sold on Nov 19, 2020 for $10,955,000.
How much is this home worth?
The estimated value of the home located at 5860 North Bay Road is $13,029,000.
What are some comparable homes to 5860 North Bay Road?
There are currently no comparable homes to 5860 North Bay Road.

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