5040 NE 2 AVE, Miami, FL 33137

5040 NE 2 AVE, Miami, FL 33137 is a automotive or marine : automotive or marine built in 1937 with 814 square feet of living space on a 4,200 square foot lot. The property is currently owned by 5040 NE 2 LLC, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2022-02-07 for $1,300,000, when JOSE SOLORZANO &W CARMEN sold to 5040 NE 2 LLC. The property has appreciated $1,240,000 (2067%) since the prior sale of $60,000 on 1984-06-01. The 2025 assessed value is $637,670 with a market value of $742,145.

This breaks down to $735,000 for the land and $7,145 for the building. The assessed value increased 10% from $579,700 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 $67,271, and the median home value is $618,500. The population density is 8,215 people per square mile.

5040 NE 2 AVE, Miami, FL 33137 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 1984 to 2022, with 2 recorded transactions in the public record.

The current assessed value represents 49% 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 $1597 per square foot — a key metric for comparing value across Miami's real estate market..