1603 SW 8 ST, Miami, FL 33135

Parcel: 0141020120120 · Mixed Use-Store/Residential · Mixed Use - Residential · Zoning: 6100

Assessed Value (2025)
$3,387,000

Property Details

Living Sqft
11,342
Year Built
1927
Lot Sqft
8,108
Stories
1
MIXED USE-STORE/RESIDENTIAL : MIXED USE - RESIDENTIAL

Sales History

1
N/Anon-market transfer
1996-12-01
2
$550,000
1999-05-01
3
$9,600,000+1645%
2022-05-20
JACOB 1535 PROPERTIES INC1603 SW 8TH ST LLC

Tax Assessment History

$3,387,000
Assessed (2025)
$3,387,000
Market Value
$3,387,000
Taxable Value
$68,957
Annual Tax
2024
$3,360,000
2025
$3,387,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $3,387,000 $3,387,000 $3,387,000 $68,957
2024 $3,360,000 $3,360,000 $3,360,000 $68,407

About 1603 SW 8 ST, Miami, FL 33135

1603 SW 8 ST, Miami, FL 33135 is a mixed use-store/residential : mixed use - residential built in 1927 with 11,342 square feet of living space on a 8,108 square foot lot. The property is currently owned by 1603 SW 8TH ST 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 2022-05-20 for $9,600,000, when JACOB 1535 PROPERTIES INC sold to 1603 SW 8TH ST LLC. The property has appreciated $9,050,000 (1645%) since the prior sale of $550,000 on 1999-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $3,387,000 with a market value of $3,387,000. This breaks down to $1,013,500 for the land and $2,373,500 for the building. The assessed value increased 1% from $3,360,000 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 $35,841, and the median home value is $300,000.

The population density is 31,051 people per square mile. 1603 SW 8 ST, Miami, FL 33135 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 1996 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 35% 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 $846 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

1603 SW 8TH ST LLC
1628 N WELLS UNIT 1, CHICAGO, IL, 60614
Since: 2026-03-29
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$41,044 — $75,314
Flood $400 — $800
Property/Wind $40,644 — $74,514

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$35,841
Median Home Value$300,000
Pop. Density31,051/sq mi

Neighborhood 33135

31.9%
Owner-Occ
68.1%
Investor
123
Flips (4yr)
4,940
New Biz (3yr)
Distress Risk
ELEVATED
41
View full risk analysis →
Zoom in to see property sales