2951 S BAYSHORE DR 409, Miami, FL 33133

2951 S BAYSHORE DR 409, Miami, FL 33133 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1998 with 740 square feet of living space. The property is currently owned by ERNESTO SMITH SARESS SMITH, 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 2013-12-19 for $178,000, when MARCO VINICIO CEREZO &W SABRINA M sold to ERNESTO SMITH. The property has appreciated $25,000 (16%) since the prior sale of $153,000 on 1998-10-01. The 2025 assessed value is $308,925 with a market value of $454,275.

The assessed value increased 10% from $280,841 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 $128,309, and the median home value is $397,300. The population density is 16,321 people per square mile. 2951 S BAYSHORE DR 409, Miami, FL 33133 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 1998 to 2013, with 2 recorded transactions in the public record. The current assessed value represents 174% 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 $241 per square foot — a key metric for comparing value across Miami's real estate market..