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Slice RealtyPropiedad Futura

$45,000,000

5 bd · 6 ba · 4,970 sq ft · Single Family Residence

2312 Bay Ave, Miami Beach FL 33140

For Sale · Active listing

Est. payment $247,295/mo · Mortgage calculator

Listed by Coldwell Banker Realty / Daniel Hertzberg

Contact: 786-789-3507 (listing contact).

Shown through Slice Realty. Requests from this page reach Slice Realty / Propiedad Futura, not the listing agent.

About this home

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.

Facts
MLS #
A12106623
Subdivision
SUNSET ISLANDS-ISLAND NO
Property type
Residential
Property subtype
Single Family Residence
Sq. ft.
4,970
Price per sq. ft.
$9,054 / sq ft
Year built
1937
County
Miami-Dade County
Date listed
Oct 15, 2026
Last updated
Oct 15, 2026
Financial considerations
HOA fee
$5,000 monthly
Taxes
$15,335 (2025)
Exterior features
Waterfront
Yes
View
Bay, Pool, Water
Construction
Concrete Block Construction
Roof
Other
Additional features
Lighting, Open Balcony
Interior features
Heating
Central
Cooling
Central Air
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Window features
High Impact Windows
Additional features
First Floor Entry, Built-in Features, Cooking Island, Entrance Foyer, Volume Ceilings, Den/Library/Office, Utility Room/Laundry
Additional features
Community
Gated Community, Other, Security Patrol

Mortgage calculator

Includes principal and interest, taxes and insurance.

Rate: Freddie Mac 30-year average (2026-10-22). Estimate only.

Loan amount$36,000,000
Total cost of mortgage$89,026,208
Monthly payment$247,295

Local context (our analysis)

1,890 homes and condos are listed for sale in Miami Beach, at a median list price of $649,000 and $705 per sq ft. This home asks $9,054 per sq ft.

Miami Beach market stats and buildings

Source: Southeast Florida MLS (SEFMLS). Last updated Oct 15, 2026, 3:00 PM ET

Listing data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.