31 SE 5 ST 1606, Miami, FL 33131

31 SE 5 ST 1606, Miami, FL 33131 is a 1-bedroom, 1.5-bathroom residential - total value : condominium - residential built in 2006 with 902 square feet of living space. The property is currently owned by LUCIA N RUALES, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2012-01-10 for $140,046, when CESAR R ROMERO JR sold to LUCIA N RUALES. The property sold for $39,954 less than the prior sale of $180,000 on 2010-11-17. There are 3 recorded sales for this property.

The 2025 assessed value is $210,462 with a market value of $377,700. The assessed value increased 3% from $204,531 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $161,403, and the median home value is $482,800. The population density is 35,129 people per square mile. 31 SE 5 ST 1606, Miami, FL 33131 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 2012, with 3 recorded transactions in the public record. The current assessed value represents 150% 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 $155 per square foot — a key metric for comparing value across Miami's real estate market..