A Mid-Century Modern architecturally significant waterfront home, this estate pairs expansive floor-to-ceiling glass with light-filled interiors, creating a seamless connection between the home and its spectacular natural surroundings. Located on prestigious North Bay Road, this residence was designed by famed architect Maurice Weintraub and offers sweeping Biscayne Bay views and the spectacular Downtown Miami skyline. Thoughtfully enhanced over the years, the property presents an opportunity for its next owner to further personalize and create a home that reflects their own vision and lifestyle. The two-story residence features seven generously proportioned bedroom suites, including four upstairs, highlighted by a magnificent primary suite with a private bay-facing terrace, and three additional bedroom suites on the first floor. A dramatic entrance, framed by floor-to-ceiling impact glass windows and doors, welcomes an abundance of natural light and leads to a grand two-story living room featuring an elegant sweeping staircase. Additional features include a formal dining room, media room, waterfront eat-in kitchen, elevator, two-car garage, laundry room, full-house generator. Designed to embrace the South Florida waterfront lifestyle, the backyard offers exceptional outdoor entertaining spaces, complete with a summer kitchen, swimming pool and a dock. A rare opportunity to own an architecturally distinctive waterfront residence in one of Miami Beach's most coveted locations.
Upper North Bay Road, located between 41st Street and 63rd Street, is a waterfront and residential Miami Beach neighborhood with a palm-lined shoreline and deep-water docks. The neighborhood reads as a quiet ribbon of large bayfront estates and mid-century homes set behind manicured hedges, with Biscayne Bay as the constant backdrop. The character concentrates around the 41st Street corridor near Mount Sinai Medical Center, where cafés, small restaurants, and everyday services cluster in a brisk, local rhythm. The Miami Beach Golf Club and the Miami Beach Botanical Garden add a cultivated, outdoors-forward counterpoint to the private waterfront streets. Sunset views and passing sailboats shape the daily pace along the bay. Side streets feel intentionally low-key, with architecture that favors clean lines, courtyards, and indoor-outdoor living.
Provided by Walk Score and Local Logic
Market insights
5240 N Bay Rd · $25,000,000
DAYS ON MARKET
1 days
The average home goes pending in 74 days.
SALE-TO-LIST
96.1%
Most homes are selling 4% below list price.
LIST PRICE
$25,000,000
Median sale price in this area is $678,597. (97% lower than this home)
PRICE DROP
0 price drops
17% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Living
Interior features
Built-in features
Dining area
Formal dining room
First-floor entry
Kitchen island
Upper-level primary bedroom
Bar
Elevator
Blinds
Impact glass windows
Bathrooms
7 full bathrooms
1 half bathroom
Kitchen
Refrigerator
Laundry & utility
Washer
Dryer
Flooring
Tile flooring
Heating & cooling
Central heating
Central air conditioning
Electric cooling
Exterior features
Bay-front waterfront
77 feet of frontage
East-facing view
Balcony
Open deck
Barbecue
Outdoor grill
Heated in-ground pool
In-ground spa
Flood-zone lot
Home design
Two stories
Parking
Attached two-car garage
Attached carport
Circular driveway
Driveway
Garage door opener
Security
Security doors
Impact doors
Construction
Block construction
Flat tile roof
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Impressive views of wide bay w/ 79 feet of prime waterfront. Tall Cathedral beamed ceilings compliment the open floor plan. Floor to ceiling glass sliding doors allows the entire house to open to the backyard & pool w/ the Miami Skyline as your backdrop. 3 large "en suite" bedrooms & baths, new kitchen, updated baths and so much more.
Public Records
Jun 8, 2006
Sold
$4,475,000
$698/sq ft
MARMLS #M1027579
Dec 1, 2005
Listed
$5,700,000
$889/sq ft
ONE OF A KIND WATERFRONT HOME LOCATED ON PRESTIGIOUS NORTH BAY ROAD W/ WIDE-WIDE-WATER VIEWS OF BISCAYNE BAY & MIAMI SKYLINE. ELEGANT & DRAMATIC LIVING ROOM W/ SOARING CATHEDRAL CEILINGS & BEAUTIFUL INTERIOR DETAILS. SEPARATE FORMAL DINING ROOM LEADING TO A CHARMING FAMILY ROOM W/ WOOD BURNING FIREPLACE. MASTER SUITE HAS HIS/HERS CEDAR CLOSETS & NICE SIZE BATHROOM. ALL ROOMS FACING THE POOL AREA & PANORAMIC BAY VIEWS. ALSO TWO LARGE GUEST ROOM W/ WALK-IN CLOSETS & THEIR OWN BATHROOMS.
Year
Property tax
Land + Additions
Assessment*
2025
$93,733 (+2.9%)
2024
$91,089 (+2.6%)
2023
$88,803 (+3.9%)
2022
$85,495 (+0.3%)
2021
$85,270 (+1.2%)
2020
$84,267 (+2.4%)
2019
$82,321 (+5.4%)
2018
$78,119 (−17.7%)
$3,332,513 + $1,145,172
$4,477,685
2017
$94,940 (+0.1%)
$3,332,513 + $1,145,172
$4,477,685
2016
$94,838 (−5.7%)
2015
$100,600 (−1.7%)
2014
$102,343 (+6.4%)
2013
$96,182 (+40.1%)
2012
$68,633 (+44.6%)
$2,763,487 + $589,378
$3,352,865
2011
$47,456
Public record
Public record
Zoning
Permits
Beds
6
Baths
7
Stories
1
Lot width
—
Lot depth
—
Lot size
0.31 Acres
Year renovated
2005
Finished Sq. Ft.
6,413
Unfinished Sq. Ft.
—
Total Sq. Ft.
6,413
Year built
1958
Style
Single Family Residential
County
Miami-Dade County
APN
0232150031911
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
RS-3
Single-family Residential District
The RS-3 single-family residential districts are designed to protect, and preserve the identity, image, environmental quality, privacy, attractive pedestrian streetscapes, and human scale and character of the single-family neighborhoods and to encourage and promote new construction that is compatible with the established neighborhood context.
Permitted uses
Include but are not limited to:
Housing-Single unit
Nov 18, 2025 • Final
Single family residence - re-roof
Perform reroofing work on a building.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 101° expected this year, 26 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Miami Beach, FL • 33140
Average low and high temperatures (°F)
74
62
77
66
79
69
82
73
87
78
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80
90
81
91
80
88
78
84
77
81
71
78
68
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
This home ranks in the top 26% for direct sun exposure in Miami Beach. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
7.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5240 N Bay Rd
$24,054,311
$946K under list price of $25.0M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $4.5M to $31.5M.