SUNSET LAKE EXTENSION

2501 Lake Ave, Miami Beach FL 33140

5 beds · 6.5 baths · 5,413 ft²

Closed

$31,900,000

8.60%

Est. Payment $169,785/mo

MLS Sheet Video

5

Bedrooms

6.5

Bathrooms

5,413

Sq. Ft.

1940

Year Built

2

Garage

323

Days on Market

Description

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.

Facts

MLS#
A11282815
Subdivision
SUNSET LAKE EXTENSION
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1940
Lot Size
28,430 ft²
Sq. Ft.
5,413 ft²
Sq. Mt.
503 m²
Price per sq. ft.
$5,893/ft²
Price per sq. mt.
$63,419/m²
Stories
Garage
2 spaces
Pool
Days on Market
323 days
Listed
Oct 6, 2022
Last Updated
Sep 26, 2023
Price/Lot Sq.Ft.
$1,122/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

68

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

9/26/2023Sold$31,900,000
12/9/2022Price change$31,900,000-8.6%
10/6/2022Listed for sale$34,900,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

2501 Lake Ave, Miami Beach FL 33140Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$196,519/mo

Principal & Interest

$169,785

Property Tax

$26,583

Insurance

$150

HOA

$0

20% ($6,380,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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