1 NE 78 ST, Miami, FL 33138

Parcel: 0131120140150 · Multifamily 10 Units Plus · Multifamily 3 Or More Units · Zoning: 6100

Assessed Value (2025)
$1,450,000

Property Details

Beds
7
Baths
13
Living Sqft
7,496
Year Built
1971
Lot Sqft
13,063
Stories
2
MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS

Sales History

1
$335,500
2002-05-01
2
$645,000+92%
2007-01-01
3
$1,860,000+188%
2021-08-27
OSBOURNE G MOWATT INE78 LLC

Tax Assessment History

$1,450,000
Assessed (2025)
$1,450,000
Market Value
$1,450,000
Taxable Value
$29,521
Annual Tax
2024
$1,590,000
2025
$1,450,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,450,000 $1,450,000 $1,450,000 $29,521
2024 $1,590,000 $1,590,000 $1,590,000 $32,371

About 1 NE 78 ST, Miami, FL 33138

1 NE 78 ST, Miami, FL 33138 is a 7-bedroom, 13-bathroom multifamily 10 units plus : multifamily 3 or more units built in 1971 with 7,496 square feet of living space on a 13,063 square foot lot. The property is currently owned by INE78 LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2021-08-27 for $1,860,000, when OSBOURNE G MOWATT sold to INE78 LLC. The property has appreciated $1,215,000 (188%) since the prior sale of $645,000 on 2007-01-01. There are 3 recorded sales for this property.

The 2025 assessed value is $1,450,000 with a market value of $1,450,000. This breaks down to $1,306,300 for the land and $143,700 for the building. The assessed value decreased 9% from $1,590,000 in 2024.

The median household income in this area is $38,439, and the median home value is $459,400. The population density is 10,797 people per square mile. There are active mortgage liens totaling $459,444 recorded against this property.

1 NE 78 ST, Miami, FL 33138 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2002 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 78% of the most recent sale price. Based on the most recent sale, this property traded at $248 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

INE78 LLC
861 HARBOR DR, KEY BISCAYNE, FL, 33149
Since: 2026-03-29
View owner profile →

People Behind This Entity

Registered Agent: CORPORATION SERVICE COMPANY
View on Sunbiz →

Est. Annual Insurance

$14,900 — $26,900
Flood $400 — $800
Property/Wind $14,500 — $26,100

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$38,439
Median Home Value$459,400
Pop. Density10,797/sq mi

Neighborhood 33138

48.5%
Owner-Occ
51.5%
Investor
305
Flips (4yr)
6,055
New Biz (3yr)
Distress Risk
MODERATE
39
View full risk analysis →

Mortgages

ACTIVE
$1,300,000
~$459,444 bal.
IBERIABANK · 2021-09-07
Est. Total Balance $459,444
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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