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$45,000,000

2312 Bay Ave, Miami Beach, FL 33140

Bedrooms
5
Baths
6
Living area
4,970 ft²
Price per ft²
$9,054 / ft²
Type
Single-Family Home
Year built
1937
HOA
$5,000 / mo HOA
On market
11 days on market
MLS #
A12106623

Offered for the first time in 40 years, this gated waterfront point-lot estate occupies the coveted west tip of Sunset Island III, with unobstructed Downtown Miami skyline views and spectacular sunsets. Designed in 1937 by renowned architect T. Hunter Henderson, the 5-bedroom, 5.5-bath Art Deco residence preserves beautifully restored original details, including arched windows, decorative ironwork, hand-painted Cuban tile floors and staircase. Thoughtful updates include impact windows and doors, Control 4 smart home technology, 3-zone A/C, and dual walk-in closets in the primary suite. A spacious private terrace overlooks Biscayne Bay, while a concrete dock with a 17,000-lb boat lift enhances the waterfront lifestyle. Set on an exceptional 13,771-SF pie-shaped lot, this rare offering presents the opportunity to preserve a piece of Miami Beach history or build your dream waterfront residence in one of the area's most prestigious guard-gated island communities.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $9,054. The median for recorded sales in the same ZIP codes is $606/ft² — putting it 1,394% above the median.
  • Position in the area’s price distributionThe asking price is $45,000,000; the median of recorded sales in the area is $590,000 (2,281 sales). On raw price that is 7,527% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $5,000 per month comes to $60,000 a year — 0.1% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$13,500,000
Term

7.32% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 22, 2026.

Estimated monthly payment$216,383
Loan amount
$31,500,000
Total interest over the term
$46,397,932
Total repaid
$77,897,932

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Coldwell Banker Realty

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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