A spacious historic house located at 5840 North Bay Road in Miami Beach has a new owner. The 6,218-square-foot property, built in 1929, was sold on April 28, 2025. The $22,850,000 purchase price works out to $3,675 per square foot. This is a single-story house. Situated on a spacious 0.6-acre lot, the property offers ample outdoor space along with the added bonus of a pool.

Additional houses that have recently been purchased close by include:

· A 2,601-square-foot home at 5855 North Bay Road in Miami Beach sold in July 2015, for $1,554,000, a price per square foot of $597. The home has 3 bedrooms.

· In February 2022, a 2,601-square-foot home on North Bay Road in Miami Beach sold for $1,750,000, a price per square foot of $673. The home has 3 bedrooms and 3 bathrooms.

· On Alton Road, Miami Beach, in August 2021, a 2,599-square-foot home was sold for $900,000, a price per square foot of $346. The home has 4 bedrooms and 2 bathrooms.