Lot/land

$169,000,000

5940 N Bay Rd, Miami Beach, FL 33140

--beds

--baths

2.3Acres

Unimproved Land

Built in ----

2.3 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Direct biscayne bay frontage

A landmark opportunity to create a legacy compound on Miami Beach’s most prestigious waterfront. Spanning approximately 2.3 acres (102,000 SF) with a depth of nearly 472 feet and 290 feet of direct Biscayne Bay frontage, 5940 North Bay Road is offered with fully approved plans and permits by DOMO Architecture + Design. Representing one of the largest and most significant single lots ever offered on North Bay Road, this property defines rare scale, provenance, and potential.

116 days

2,894

118

Facts & features

Interior

Video & virtual tour

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Property

Features

Fencing: Fenced
Has view: Yes
View description: Bay
Has water view: Yes
Water view: Bay
Waterfront features: Bay
Frontage type: Bay/Harbor
Frontage length: 290

Lot

Size: 2.3 Acres
Features: Other
Residential vegetation: Other Trees

Details

Additional structures: None
Parcel number: 0232150020040
Zoning: 2100

Community & HOA

Community

Subdivision: La Gorce Golf Sub

HOA

Has HOA: No

Location

Region: Miami Beach

Financial & listing details

Tax assessed value: $46,302,628
Annual tax amount: $257,113
Date on market: 8/29/2025
Listing terms: All Cash

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/15/2025	Listed for sale	$169,000,000
Source: MIAMI #A11859126 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$257,113 +2.4%	$13,723,791 +3%
2023	$251,004 +3.6%	$13,324,069 +3%
2022	$242,283 +0.2%	$12,935,990 +3%
2021	$241,704 +1.1%	$12,559,214 +1.4%
2020	$238,995 +2.2%	$12,385,813 +2.3%
2019	$233,832 +5%	$12,107,345 +1.9%
2018	$222,652	$11,881,595 +2.1%
2017	$222,652 +0.8%	$11,637,214 +2.1%
2016	$220,830 -1.2%	$11,397,859 +0.7%
2015	$223,448 -1.7%	$11,318,629 +0.8%
2014	$227,322 +2.5%	$11,228,799 +1.5%
2013	$221,849 0%	$11,062,857 +1.7%
2012	$221,849 -14.2%	$10,877,933 -7.4%
2010	$258,422 +10.2%	$11,751,700 +2.7%
2009	$234,559 +6.3%	$11,442,750 +4.7%
2007	$220,581 -12.3%	$10,933,605
2006	$251,431	--
2005	$251,431 -1.7%	--
2004	$255,761 +57.9%	--
2003	$161,972 +27.7%	--
2002	$126,871	--

Find assessor info on the county website

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Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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