720 NE 62 ST 407, Miami, FL 33138

Parcel: 0132180860270 · Residential · Condominium - Residential · Zoning: 4600

Assessed Value (2025)
$376,398

Property Details

Beds
2
Baths
2
Living Sqft
965
Year Built
2008
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$129,337
2010-09-20
EDGEWATER BY THE BAY LLLPIOS ON THE BAY LLC
2
$269,325+108%
2011-07-28
IOS ON THE BAY LLCHERBERT JULI
3
$440,000+63%
2021-10-15
HERBERT JULICLARISA AVALOS
4
$440,000
2021-10-22

Tax Assessment History

$376,398
Assessed (2025)
$431,000
Market Value
$325,676
Taxable Value
$6,631
Annual Tax
2024
$365,791
$431,000
2025
$376,398
$431,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $376,398 $431,000 $325,676 $6,631
2024 $365,791 $431,000 $315,791 $6,429

About 720 NE 62 ST 407, Miami, FL 33138

720 NE 62 ST 407, Miami, FL 33138 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 2008 with 965 square feet of living space. The property is currently owned by CLARISA AVALOS MICHAEL CARIOTI, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2021-10-22 for $440,000. There are 4 recorded sales for this property. The 2025 assessed value is $376,398 with a market value of $431,000.

The assessed value increased 3% from $365,791 in 2024. The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain).

Flood insurance is typically required by lenders for properties in this zone. 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.

There are active mortgage liens totaling $381,594 recorded against this property. 720 NE 62 ST 407, 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 2010 to 2021, with 4 recorded transactions in the public record. The current assessed value represents 86% of the most recent sale price. Based on the most recent sale, this property traded at $456 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

CLARISA AVALOS MICHAEL CARIOTI
720 NE 62 ST UNIT 407, MIAMI, FL, 33137
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$2,658 — $4,563
Flood $400 — $800
Property/Wind $2,258 — $3,763

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$92,162
Median Home Value$547,000
Pop. Density8,984/sq mi

Neighborhood 33138

48.5%
Owner-Occ
51.5%
Investor
305
Flips (4yr)
6,055
New Biz (3yr)
Distress Risk
MODERATE
39
View full risk analysis →

Mortgages

ACTIVE
$403,750
~$381,594 bal.
PARAMOUNT RESIDENTIAL MORTGAGE GROUP INC · 2021-10-22
Est. Total Balance $381,594
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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