5055 NW 7 ST 509, Miami, FL 33126
Parcel: 0131310200570 · Residential · Condominium - Residential · Zoning: 6106
Assessed Value (2025)
$227,563
Property Details
Beds
2
Baths
2
Living Sqft
1,037
Year Built
1973
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL
Sales History
1
$100non-market transfer
2021-04-22
CONNIE SOMOANO → CONCEPCION M SOMOANO LE
2
$275,000
2024-01-12
CONCEPCION M SOMOANO LE → LUIS ORLANDO ORTEGA REGUEIRA
3
$275,000
2024-01-22
4
$199,000-28%
2026-03-04
LUIS ORLANDO ORTEGA REGUEIRA → MIAMI RENTALS LLC
Tax Assessment History
$227,563
Assessed (2025)
$227,563
Market Value
$227,563
Taxable Value
$4,633
Annual Tax
2024
$152,266
$206,875
2025
$227,563
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $227,563 | $227,563 | $227,563 | $4,633 | $0 | $0 |
| 2024 | $152,266 | $206,875 | $152,266 | $3,100 | $0 | $0 |
About 5055 NW 7 ST 509, Miami, FL 33126
5055 NW 7 ST 509, Miami, FL 33126 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1973 with 1,037 square feet of living space. The property is currently owned by MIAMI RENTALS 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 2026-03-04 for $199,000, when LUIS ORLANDO ORTEGA REGUEIRA sold to MIAMI RENTALS LLC. The property sold for $76,000 less than the prior sale of $275,000 on 2024-01-22. There are 4 recorded sales for this property.
The 2025 assessed value is $227,563 with a market value of $227,563. The assessed value increased 49% from $152,266 in 2024. The median household income in this area is $59,779, and the median home value is $263,200.
The population density is 54,361 people per square mile. There are active mortgage liens totaling $197,111 recorded against this property. 5055 NW 7 ST 509, Miami, FL 33126 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 2021 to 2026, with 4 recorded transactions in the public record. The current assessed value represents 114% of the most recent sale price.
Based on the most recent sale, this property traded at $192 per square foot — a key metric for comparing value across Miami's real estate market..
Current Owner
MIAMI RENTALS LLC
7727 ADAGIO AVE, HOUSTON, TX, 77040
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$2,675 — $4,896
Flood $400 — $800
Property/Wind $2,275 — $4,096
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$59,779
Median Home Value$263,200
Pop. Density54,361/sq mi
Neighborhood 33126
29.9%
Owner-Occ
70.1%
Investor
237
Flips (4yr)
13,798
New Biz (3yr)
Distress Risk
ELEVATED
41
Mortgages
ACTIVE
$202,500
UNITED WHOLESALE MORTGAGE · 2024-01-22
Est. Total Balance $197,111
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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