5500 N MIAMI AVE, Miami, FL 33127

5500 N MIAMI AVE, Miami, FL 33127 is a 8-bedroom, 8-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1953 with 3,635 square feet of living space on a 10,080 square foot lot. The property is currently owned by RE1 LDI 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 2024-01-16 for $8,650,000, when BOWERY 5500 LLC sold to RE1 LDI LLC. The property has appreciated $7,325,000 (553%) since the prior sale of $1,325,000 on 2019-06-07. There are 3 recorded sales for this property.

The 2025 assessed value is $934,198 with a market value of $934,198. This breaks down to $554,400 for the land and $379,798 for the building. The assessed value increased 113% from $439,489 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. 5500 N MIAMI AVE, 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 2019 to 2024, with 3 recorded transactions in the public record. The current assessed value represents 11% 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 $2380 per square foot — a key metric for comparing value across Miami's real estate market..