7118 COLLINS AVE, Miami Beach, FL 33141

7118 COLLINS AVE, Miami Beach, FL 33141 is a store : retail outlet built in 1951 with 5,344 square feet of living space on a 6,250 square foot lot. The property is currently owned by AHM ADVISORS 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 2016-04-01 for $787,200, when COLLINS AND 72ND DEVELOPERS LLC sold to AHM ADVISORS LLC. The property sold for $11,212,800 less than the prior sale of $12,000,000 on 2015-12-31. There are 3 recorded sales for this property.

The 2025 assessed value is $2,129,600 with a market value of $2,144,399. This breaks down to $1,875,000 for the land and $269,399 for the building. The assessed value increased 10% from $1,936,000 in 2024.

The median household income in this area is $45,369, and the median home value is $268,200. The population density is 20,481 people per square mile. 7118 COLLINS AVE, 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 1994 to 2016, with 3 recorded transactions in the public record. The current assessed value represents 271% 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 $147 per square foot — a key metric for comparing value across Miami Beach's real estate market..