From the moment of arrival, a balance between grandiose architectural elements and thoughtful, understated details set the tone for this magnificent, waterfront Estate. Nestled on an almost 30,000 SF, pie shaped lot and located in the exclusive and gated Sunset Islands, this home is the epitome of luxury living. Enjoy 5,413 SF of living area including 5 beds, 7/1 baths, an office, grand room and stunning oak wood bar. Transform this sanctuary into your personal paradise. Outdoor balconies, oversize terrace, lap pool, manicured lawns and almost 200’ of water frontage with direct ocean access provide for majestic living indoors or out. Enjoy the private side of Miami Beach while still being steps away from world class dining, shopping and entertainment.
Sold for $27,000,000
Street View
$27,000,000
2501 Lake Ave, Miami Beach, FL 33140
5beds
5,413sqft
Single Family Residence
Built in 1940
0.65 Acres Lot
$31,315,000 Zestimate®
$4,988/sqft
$153,932 Estimated rent
Home value
$31,315,000
$25.99M - $37.58M
$153,932/mo
Zestimate® history
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$187,076/mo
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Est. payment
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List your homeWhat's special
Lap poolDirect ocean accessGrand roomWaterfront estatePie shaped lotWorld class dining
Zillow last checked:
Listing updated:
Listed by:
Lourdes Alatriste 305-926-5322,
Douglas Elliman
Bought with:
Jill Hertzberg, 0551544
Coldwell Banker Realty
Source: MIAMI,MLS#: A11282815
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Rooms
- Room types: Den/Library/Office, Family Room
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Trash Compactor, Dishwasher, Disposal, Microwave, Electric Range, Refrigerator
Features
- Closet Cabinetry, Kitchen Island, Walk-In Closet(s), Other
- Flooring: Marble, Other
- Windows: Hurricane Shutters
Interior area
- Total structure area: 6,092
- Total interior livable area: 5,413 sqft
Property
Parking
- Total spaces: 2
- Parking features: Covered, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 2
- Entry location: First Floor Entry
- Exterior features: Lighting, Balcony
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- View description: Canal, Garden
- Has water view: Yes
- Water view: Canal
- Waterfront features: Ocean Access, Canal Front, No Fixed Bridges, WF/Pool/Ocean Access
- Frontage length: 189
Lot
- Size: 0.65 Acres
- Features: 1/2 To Less Than 3/4 Acre Lot
Details
- Parcel number: 0232270100130
- Zoning: 2100
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS Construction
- Roof: Barrel Roof
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Features: Gated, Security Patrol, Card/Electric Gate
- Security: Smoke Detector
- Subdivision: Sunset Lake Extension
HOA
- Has HOA: Yes
- HOA fee: $2,500 annually
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $4,988/sqft
- Tax assessed value: $23,191,562
- Annual tax amount: $169,031
- Date on market: 10/6/2022
- Listing terms: All Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2023 | Sold | $27,000,000-15.4%$4,988/sqft |
Source:  MIAMI #A11282815 Report a problem | ||
| 8/27/2023 | Pending sale | $31,900,000$5,893/sqft |
Source: MIAMI #A11282815 Report a problem | ||
| 8/9/2023 | Contingent | $31,900,000$5,893/sqft |
Source: MIAMI #A11282815 Report a problem | ||
| 8/7/2023 | Pending sale | $31,900,000$5,893/sqft |
Source: MIAMI #A11282815 Report a problem | ||
| 12/9/2022 | Price change | $31,900,000-8.6%$5,893/sqft |
Source: MIAMI #A11282815 Report a problem | ||
| 10/6/2022 | Listed for sale | $34,900,000+1952.9%$6,447/sqft |
Source: MIAMI #A11282815 Report a problem | ||
| 8/6/1997 | Sold | $1,700,000-32%$314/sqft |
Source: Public Record Report a problem | ||
| 6/23/1994 | Sold | $2,500,000$462/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $435,076 +6.3% | $23,191,562 +6.5% |
| 2024 | $409,342 +57% | $21,783,572 +106.2% |
| 2023 | $260,689 +29.1% | $10,565,067 +10% |
| 2022 | $201,923 +19.5% | $9,604,607 +10% |
| 2021 | $169,031 +6.4% | $8,731,461 +10% |
| 2020 | $158,805 +5.7% | $7,937,692 +10% |
| 2019 | $150,279 +6.3% | $7,216,084 +10% |
| 2018 | $141,399 | $6,560,077 +10% |
| 2017 | $141,399 +3.6% | $5,963,707 +10% |
| 2016 | $136,518 +8.1% | $5,421,552 +10% |
| 2015 | $126,270 +24% | $4,928,684 +10% |
| 2014 | $101,844 +10.3% | $4,480,622 -4.8% |
| 2013 | $92,343 +0% | $4,704,467 +8.7% |
| 2012 | $92,343 +11% | $4,329,194 +10% |
| 2011 | $83,160 -13.9% | $3,935,631 -10.1% |
| 2010 | $96,596 -13.1% | $4,377,488 -18.8% |
| 2009 | $111,121 -3.5% | $5,390,000 -5.6% |
| 2007 | $115,190 +21.6% | $5,709,669 |
| 2006 | $94,749 | -- |
| 2005 | $94,749 +8.1% | -- |
| 2004 | $87,647 +29.5% | -- |
| 2003 | $67,685 +73.1% | -- |
| 2002 | $39,091 | -- |
| 2001 | $39,091 | -- |
Find assessor info on the county website
Neighborhood: Bayshore
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Nearby schools
GreatSchools rating
- 10/10North Beach Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Miami Beach Senior High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$31,315,000
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Estimated market value
$31,315,000
- Florida
- Miami-Dade County
- Miami Beach
- 33140
- Bayshore
- 2501 Lake Ave
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