Atlantic Luxury AdvisorsKeller Williams Realty Services

19 photos

5240 N Bay Rd

Miami Beach, FL 33140

$25,000,000
7
7.5
6,413 sq ft
13,456 sq ft
1958
2 car
Single Family Residence
Yes
4
Active

Listing courtesy of BHHS EWM Realty. Contact: [email protected].

About this home

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.

Virtual tour
What it costs to own
Estimated monthly payment
$180,495/mo
Principal and interest
$126,414
Property tax
$38,456
Homeowners insurance
$15,625
HOA(not in the listing)
$0

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$461,474/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
Not stated in the listing; ask us
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.