1603 NW 1 CT, Miami, FL 33136

Parcel: 0131250481240 · Multifamily 10 Units Plus · Multifamily 3 Or More Units · Zoning: 5700

Assessed Value (2025)
$865,150

Property Details

Beds
24
Baths
24
Living Sqft
11,010
Year Built
1947
Lot Sqft
7,800
Stories
2
MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS

Sales History

1
$100non-market transfer
2015-11-11
OVERTOWN DEVELOPMENT GROUP LTD OVERTOWN DEVELOPMENT GROUP LTD
2
$4,949,600
2019-08-15
OVERTOWN DEVELOPMENT GROUP LTDLUCERNE APARTMENTS LLC
3
$2,850,000-42%
2025-05-20
LUCERNE APARTMENTS LLCKLR FL OPPORTUNITY LLC
4
$2,850,000
2025-05-27

Tax Assessment History

$865,150
Assessed (2025)
$1,085,000
Market Value
$865,150
Taxable Value
$17,614
Annual Tax
2024
$786,500
$1,055,000
2025
$865,150
$1,085,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $865,150 $1,085,000 $865,150 $17,614
2024 $786,500 $1,055,000 $786,500 $16,013

About 1603 NW 1 CT, Miami, FL 33136

1603 NW 1 CT, Miami, FL 33136 is a 24-bedroom, 24-bathroom multifamily 10 units plus : multifamily 3 or more units built in 1947 with 11,010 square feet of living space on a 7,800 square foot lot. The property is currently owned by KLR FL OPPORTUNITY 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 2025-05-27 for $2,850,000. There are 4 recorded sales for this property. The 2025 assessed value is $865,150 with a market value of $1,085,000.

This breaks down to $253,500 for the land and $831,500 for the building. The assessed value increased 10% from $786,500 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 $41,968, and the median home value is $274,500. The population density is 13,376 people per square mile.

There are active mortgage liens totaling $2,280,000 recorded against this property. 1603 NW 1 CT, Miami, FL 33136 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 2015 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 30% 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 $259 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

KLR FL OPPORTUNITY LLC
5069 NORTH BAY RD, MIAMI BEACH, FL, 33140
Since: 2026-03-29
View owner profile →

People Behind This Entity

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$10,781 — $19,833
Flood $400 — $800
Property/Wind $10,381 — $19,033

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$41,968
Median Home Value$274,500
Pop. Density13,376/sq mi

Neighborhood 33136

17.9%
Owner-Occ
82.1%
Investor
24
Flips (4yr)
2,726
New Biz (3yr)
Distress Risk
HIGH
74
View full risk analysis →

Mortgages

ACTIVE
$2,280,000
BRADESCO BANK · 2025-05-27
Est. Total Balance $2,280,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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