6 months on rocket

5718 N Bay Rd, Miami Beach, FL, 33140

$40,000,000

7 Bedrooms
8 Full Baths, 2 Partial
7,767 SqFt
$5,150/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Circular Driveway, Driveway, Garage, Garage Door Opener
Attached Garage4 spaces
Year Built2022
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontOcean Access, Other, Seawall
ViewBay, Ocean
MLS #A11472989
StatusActive

About 5718 N Bay Rd

Extravagant modern mansion on prestigious North Bay Road where explosive sunsets over Miami’s splendid skyline are a backdrop from everywhere! Experience the finest waterfront living from this 15,547-SF property featuring 75 feet of premier waterfrontage with oversized dock & panoramic views! Inside the 7-bed 8.5-bath smart home, open floor-plan living areas have wall-to-wall glass doors that completely open, creating sensational indoor-outdoor entertaining ambience. The gated property is abundant with luxe amenities: wet bar, state-of-the-art theater, elevator, Savant control system, gourmet kitchen, wine cellar, interior fishpond with stingrays, gym, rooftop, cabana, tiled saltwater pool with spa. Built in 2022, this spectacular mansion is equipped with a + 4-car garage & generator!

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, Two Story
  • Year Built: 2022
  • Stories: 2
  • Living Area: 7,767 SqFt

Listing Office:

  • Office Name: BHHS EWM Realty
  • Office Phone: (305) 674-4000
  • Listing Agent: Nelson Gonzalez PA

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Washer
  • Flooring Type: Marble, Other, Wood
  • Interior: Built-in Features, Bedroom on Main Level, Breakfast Area, Closet Cabinetry, Dual Sinks, Family/Dining Room, Kitchen Island, Other, Pantry, Separate Shower, Upper Level Primary, Bar, Walk-In Closet(s), Elevator

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 8
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Waterfront: Ocean Access, Other, Seawall
  • View: Bay, Ocean
  • Exterior: Balcony, Barbecue, Fence, Outdoor Grill, Outdoor Shower, Other, Security/High Impact Doors

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Attached, Circular Driveway, Driveway, Garage, Garage Door Opener

Virtual/3D Tour

  • Virtual Tour: 5718 N Bay Rd

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Miami Beach Senior High School, Public District Grades 9-12
  • Nautilus Middle School, Public District Grades 6-8
  • North Beach Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,000,000
  • Price Per SqFt: $5,150/SqFt

Tax Information:

  • Annual Amount: $66,075
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

Med. Sold Price

$569.7K

Med. Price/SqFt

$574

Avg. Days On Market

85

# of Sold Homes

136

5718 N Bay Rd vs Miami Beach

185 DAYS ON ROCKET

+100 Days

$40,000,000

+$39.4M More

$5,150/SqFt

+$4.5K More

KEY TAKEAWAY

This property is $39.4M more than the Median Sold Price and $4.5K/SqFt more than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11472989

Listing Office:

  • Office Name: BHHS EWM Realty
  • Office Phone: (305) 674-4000
  • Listing Agent: Nelson Gonzalez PA

IDX © 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2024, 6:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$66,075$3,453,844
2018$61,530$3,313,241
2017$61,019$3,245,095

History based on county public records data.

Payment Calculator

$199.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$119.9K

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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

school-card-donut-822955
9
/10
  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.57 miles

  • Public District Grades PK-5

Middle School

school-card-donut-822956
5
/10
  • Nautilus Middle School

  • 4301 N Michigan Ave

  • 1.45 miles

  • Public District Grades 6-8

High School

school-card-donut-822957
5
/10
  • Miami Beach Senior High School

  • 2231 Prairie Ave

  • 2.60 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $255,489. Residents of Miami Beach, FL typically earn $200k+ each year. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5718 N Bay Rd

What is the listing price of this property?

The listing price of 5718 N Bay Rd property is $40,000,000.

What type of property is this?

The property 5718 N Bay Rd is a house located in Miami Beach, Florida, 33140.

Is this property for sale now?

Active Listing: 5718 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 5718 N Bay Rd are:
North Beach Elementary School: GreatSchools Rating 9/10
Nautilus Middle School: GreatSchools Rating 5/10
Miami 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 $66,075 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5718 N Bay Rd has 7 bedrooms and 8 full and 2 half bathrooms.

What is the square footage of this property?

The property 5718 N Bay Rd is 7,767 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5718 N Bay Rd is 2022.
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Rocket HomesFloridaMiami-Dade CountyMiami Beach331405718 N Bay Rd

This home is located at 5718 N Bay Rd in Miami Beach, FL and zip code 33140 in the La Gorce neighborhood. This 7,767 square foot home was built in 2022. Features: 7 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since October 24, 2023 and is currently priced at $40,000,000.

Over 6 listings were sold over their listed price in March 2024 in Miami Beach, FL. In the same period over 118 listings were sold below the listed price and 12 listings were sold for the listed price. In March 2024 in Miami Beach, FL there were 8.6% more homes for sale than in February 2024. While the average time on the market in March 2024 was 85 days, the median list price was $569,797.

From Rocket Homes Real Estate and based on county public records data.

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