406 NW 22 AVE 507, Miami, FL 33125

Parcel: 0141030940380 · Residential · Condominium - Residential · Zoning: 6100

Assessed Value (2025)
$125,243

Property Details

Beds
1
Baths
1
Living Sqft
880
Year Built
2007
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$231,900
2007-08-01
2
$125,000-46%
2015-07-28
ERIC J GOMEZ &W GERARDO CABANEZ
3
$85,000-32%
2015-10-21
GERARDO CABANEZGERARDO CABANEZ

Tax Assessment History

$125,243
Assessed (2025)
$218,500
Market Value
$69,521
Taxable Value
$1,415
Annual Tax
2024
$121,714
$218,500
2025
$125,243
$218,500
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $125,243 $218,500 $69,521 $1,415
2024 $121,714 $218,500 $66,714 $1,358

About 406 NW 22 AVE 507, Miami, FL 33125

406 NW 22 AVE 507, Miami, FL 33125 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 2007 with 880 square feet of living space. The property is currently owned by GERARDO CABANEZ FRANK L CABANEZ, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2015-10-21 for $85,000, when GERARDO CABANEZ sold to GERARDO CABANEZ. The property sold for $40,000 less than the prior sale of $125,000 on 2015-07-28. There are 3 recorded sales for this property.

The 2025 assessed value is $125,243 with a market value of $218,500. The assessed value increased 3% from $121,714 in 2024. The property has the following tax exemptions: homestead.

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 $47,583, and the median home value is $434,600.

The population density is 17,311 people per square mile. 406 NW 22 AVE 507, Miami, FL 33125 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 2015, with 3 recorded transactions in the public record. The current assessed value represents 147% 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 $97 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

GERARDO CABANEZ FRANK L CABANEZ
406 NW 22 AVE 507, MIAMI, FL, 33125
Since: 2026-04-19
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000

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$47,583
Median Home Value$434,600
Pop. Density17,311/sq mi

Neighborhood 33125

39.7%
Owner-Occ
60.3%
Investor
180
Flips (4yr)
6,726
New Biz (3yr)
Distress Risk
MODERATE
32
View full risk analysis →
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