408 NW 59 TER, Miami, FL 33127

408 NW 59 TER, Miami, FL 33127 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1968 with 1,512 square feet of living space on a 5,800 square foot lot. The property is currently owned by G & J PROPERTY MASTERS 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 2018-11-16 for $1,378,700, when JOHN JOHNSON JR &W GWENDOLYN sold to G & J PROPERTY MASTERS LLC. The property has appreciated $1,291,700 (1485%) since the prior sale of $87,000 on 2002-06-01. There are 3 recorded sales for this property.

The 2025 assessed value is $292,138 with a market value of $372,128. This breaks down to $237,800 for the land and $134,328 for the building. The assessed value increased 10% from $265,580 in 2024.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $31,406, and the median home value is $334,000.

The population density is 10,865 people per square mile. 408 NW 59 TER, Miami, FL 33127 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 2018, with 3 recorded transactions in the public record. The current assessed value represents 21% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase.

Based on the most recent sale, this property traded at $912 per square foot — a key metric for comparing value across Miami's real estate market..