Top 3 Most Expensive Miami Beach Homes sold in February 2011

February’s Most Expensive Miami Beach Home Sale

2142 N Bay Rd – Miami Beach, FL 33140

Listed for $4,850,000 and sold for $4,000,000 on February 15th, 2011

Another Sunset Lake subdivision home sold! On North Bay Road just East of The Sunset Islands, this home is waterfront but not the usual open bay you expect from North Bay Road.  Here we have a 1925 home with a very traditional decor and sitting on a 20,000 square foot lot with 100′ of water frontage.  It was listed for $4,850,000 in January of 2010, taking over a year to sell.  This house would be considered a “fixer upper” in today’s Miami Beach home standards.  The MLS description reads:

Tranquil setting on sought after lower North Bay Road. Classic home on a large lot bordering 100 feet of soothing Sunset Lake waters. Expanded master bedroom, formal dining room, 5 bedrooms, 5 1/2 bathrooms, 2 car garage, separate staff bedroom with bath and a unique guest room with bath. Designated service entrance and a circular driveway. Perfectly located; walking distance to Lincoln Road shops, fine dining, and South Beach.


  • 5,141 square feet of living space
  • 20,000 sq.ft. lot (100′ X 200′)
  • 1-car garage and circular driveway
  • waterfront with 100′ of water frontage
  • private dock
  • 5 bedrooms / 5.5 bathrooms
  • built in 1925
  • 2-story Mediterranean revival home

February’s second Most Expensive Miami Beach Home Sale

5240 N Bay Road – Miami Beach, FL 33140

Listed for $4,900,000 and sold for $3,862,000 on February 4th, 2011

Mid-century modern home with wide bay views on North Bay Road.    Here we have a home with quite a listing history:  listed for sale and/or rent since 2006 with a starting price of $6,250,000 and rental of up to $25,000 per month.  It was reduced several times before finally selling last month.  MLS reading,

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.


  • 4,915 square feet of living space
  • 13,455 sq.ft. lot (79′ X 170)
  • waterfront – open bay location with 79′ of water frontage
  • built in 1958
  • 4 bedrooms / 4.5 bathrooms
  • 2-car garage and circular driveway
  • private dock
  • renovated bathrooms and kitchen

February’s Third Most Expensive Miami Beach Home Sale

441 E Rivo Alto Dr – Miami Beach, FL 33139

Listed for $3,349,000 and sold for $2,650,000 on February 15th, 2011

One of the highest Venetian Islands Homes sold in the past six months, selling over $920/sq.ft. where the average has been $600/sq.ft.  This 1947 home was totally remodeled in 2007.  Here’s what’s interesting – it was sold for $1,800,000 in October of 2010 and placed on the market just 2 weeks later at $3,349,000 before selling.  That’s a quick $850,000! not a bad deal at all for that seller.  MLS reads,

Modern three bedroom home completely renovated in 2007 with wide bay views. Renovation included all new plumbing, electrical, impact windows, roofing, air conditioning, and top quality Travertine flooring. Stunning European kitchen, viking appliances, luxurious bathrooms. The 13,382 square foot lot is pie shape with over 100 feet of water front. Relaxing pool area and rear patio for entertaining. Dock and boat lift. Gas pool heater and generator. This turn key property is easy to show.


  • 2,871 square feet of living space
  • 13,382 sq.ft. lot
  • built in 1947
  • renovated in 2007
  • waterfront with private dock and boat-lift
  • pool
  • marble and hardwood floors
  • circle driveway
  • 3 bedrooms / 3 bathrooms

**all information obtained from the SouthEast Florida Multiple Listing Service**

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