7125 BAY DR 208, Miami Beach, FL 33141

Parcel: 0232100420290 · Residential · Condominium - Residential · Zoning: 3900

Assessed Value (2025)
$248,464

Property Details

Beds
2
Baths
2
Living Sqft
1,011
Year Built
1986
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$83,100
2010-12-10
DEUTSCHE BANK NATIONAL TRUST COMPANY TRSPHILIP ROGNESS
2
$178,000+114%
2015-04-07
PHILIP ROGNESSJUAN VAYAS
3
$195,000+10%
2015-10-01
JUAN VAYASINCORSA CORP

Tax Assessment History

$248,464
Assessed (2025)
$248,464
Market Value
$248,464
Taxable Value
$5,059
Annual Tax
2024
$241,227
2025
$248,464
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $248,464 $248,464 $248,464 $5,059
2024 $241,227 $241,227 $241,227 $4,911

About 7125 BAY DR 208, Miami Beach, FL 33141

7125 BAY DR 208, Miami Beach, FL 33141 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1986 with 1,011 square feet of living space. The property is currently owned by INCORSA CORP, 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 2015-10-01 for $195,000, when JUAN VAYAS sold to INCORSA CORP. The property has appreciated $17,000 (10%) since the prior sale of $178,000 on 2015-04-07. There are 3 recorded sales for this property.

The 2025 assessed value is $248,464 with a market value of $248,464. The assessed value increased 3% from $241,227 in 2024. The median household income in this area is $63,542, and the median home value is $628,700.

The population density is 16,540 people per square mile. 7125 BAY DR 208, Miami Beach, FL 33141 is located in Miami Beach, Florida. Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2010 to 2015, with 3 recorded transactions in the public record. The current assessed value represents 127% 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 $193 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

INCORSA CORP
6918 NE 5 AVE, MIAMI, FL, 33138
Since: 2026-03-29
View owner profile →

People Behind This Entity

Est. Annual Insurance

$2,884 — $5,272
Flood $400 — $800
Property/Wind $2,484 — $4,472

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$63,542
Median Home Value$628,700
Pop. Density16,540/sq mi

Neighborhood 33141

26.1%
Owner-Occ
73.9%
Investor
443
Flips (4yr)
7,449
New Biz (3yr)
Distress Risk
MODERATE
31
View full risk analysis →
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