541 NE 62 ST 1, Miami, FL 33138

541 NE 62 ST 1, Miami, FL 33138 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1947 with 545 square feet of living space. The property is currently owned by FALKON PROPERTIES 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 2011-04-20 for $48,500, when ARELIS DIAZ sold to FALKON PROPERTIES LLC. The property sold for $109,500 less than the prior sale of $158,000 on 2007-03-01. The 2025 assessed value is $132,561 with a market value of $186,680.

The assessed value increased 10% from $120,510 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 $92,162, and the median home value is $547,000. The population density is 8,984 people per square mile. 541 NE 62 ST 1, Miami, FL 33138 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 2007 to 2011, with 2 recorded transactions in the public record. The current assessed value represents 273% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $89 per square foot — a key metric for comparing value across Miami's real estate market..