Rare opportunity to own one of the largest properties in Miami Beach. Classic Masterpiece on prestigious North Bay Road. This 7 bedroom 5 /2 bathrooms, meticulously restored Miami Beach home, sprawls with architectural integrity and sits on a 37,735-sf lot, made up of 4 oversized parcels, lush landscaping providing complete privacy throughout this gated compound. One of the few properties with a tennis court on site. Home features large master suite, tall cathedral ceilings formal dining area, lounge area. Great location, close to La Gorce Country Club, near shops, beaches and restaurants.
Interior: Wet Bar, Built-in Features, Bedroom on Main Level, Breakfast Area, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, French Door(s)/Atrium Door(s), First Floor Entry, Fireplace, Vaulted Ceiling(s), Atrium, Bay Window
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$69.4K
Per Month
Principal & Interest
$69.3K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$41.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
North Beach Elementary School
4100 Prairie Ave
Distance between this listing and this school1.05 miles
Public District Grades PK-5
Middle School
5
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school0.96 miles
Public District Grades 6-8
High School
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school2.08 miles
Public District Grades 9-12
Assigned Schools
9
/10
North Beach Elementary School
4100 Prairie Ave
Distance between this listing and this school1.05 miles
Public District Grades PK-5
Nearby Schools
9
/10
Mater Academy At Mount Sinai
4300 Alton Rd
Distance between this listing and this school1.24 miles
Public Charter Grades KG-4
7
/10
Treasure Island Elementary School
7540 E Treasure Dr
Distance between this listing and this school1.62 miles
Public District Grades PK-5
Assigned Schools
5
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school0.96 miles
Public District Grades 6-8
Nearby Schools
8
/10
Mater Academy Miami Beach
8625 Byron Ave
Distance between this listing and this school2.95 miles
Public Charter Grades KG-8
3
/10
Aspira Eugenio Maria De Hostos Youth Leadership Charter School
1 NE 19th St
Distance between this listing and this school4.62 miles
Public Charter Grades 6-8
Assigned Schools
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school2.08 miles
Public District Grades 9-12
Nearby Schools
7
/10
Miami Arts Charter
3900 Biscayne Blvd
Distance between this listing and this school3.82 miles
Public Charter Grades 6-12
10
/10
Design & Architecture Senior High School
4001 NE 2nd Ave
Distance between this listing and this school3.91 miles
The neighbors living near this home have an average income of $134,524. The majority of Miami Beach, FL residents have income $200k+ annually. Residents typically live in married, with kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5185 N Bay Rd
What is the listing price of this property?
The listing price of 5185 N Bay Rd property is $13,900,000.
What type of property is this?
The property 5185 N Bay Rd is a house located in Miami Beach, Florida, 33140.
Is this property for sale now?
Active Listing: 5185 N Bay Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5185 N Bay Rd are: North Beach Elementary School: GreatSchools Rating 9/10Nautilus Middle School: GreatSchools Rating 5/10Miami Beach Senior High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $35,799 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 5185 N Bay Rd has 7 bedrooms and 5 full and 2 half bathrooms.
What is the square footage of this property?
The property 5185 N Bay Rd is 6,133 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5185 N Bay Rd is 1933.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5185 N Bay Rd in Miami Beach, FL and zip code 33140 in the La Gorce neighborhood. This 6,133 square foot home was built in 1933. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $13,900,000.
While more than 6 listings in Miami Beach, FL in March 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 118 were sold below. Between February 2024 and March 2024, Miami Beach, FL real estate market has seen increase in the number of listings by 8.6%. In March 2024 median list price was $569,797 and the average listing age was 85 days.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Hiking/backpacking
Hiking/backpacking
Live Theatre
Tennis
Bloomingdales
Crate & Barrel
Nordstrom Rack
Starbucks
Boston Market
The Cheesecake Factory
Audi
Mercedes
BMW
Alternative
News
Jazz