825 W 40 ST 3, Miami Beach, FL 33140

Parcel: 0232220260030 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$334,492

Property Details

Beds
2
Baths
2
Living Sqft
1,033
Year Built
1948
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$100non-market transfer
2022-07-01
2
$100non-market transfer
2022-07-11
3
N/A
2022-08-26
4
$1,533,800
2023-03-23
NORMAN GILLER EST OFCTJ ASSOCIATES LLC

Tax Assessment History

$334,492
Assessed (2025)
$387,016
Market Value
$334,492
Taxable Value
$6,810
Annual Tax
2024
$304,084
$387,016
2025
$334,492
$387,016
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $334,492 $387,016 $334,492 $6,810
2024 $304,084 $387,016 $304,084 $6,191

About 825 W 40 ST 3, Miami Beach, FL 33140

825 W 40 ST 3, Miami Beach, FL 33140 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1948 with 1,033 square feet of living space. The property is currently owned by C.T.J. ASSOCIATES 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 2023-03-23 for $1,533,800, when NORMAN GILLER EST OF sold to CTJ ASSOCIATES LLC. There are 4 recorded sales for this property.

The 2025 assessed value is $334,492 with a market value of $387,016. The assessed value increased 10% from $304,084 in 2024. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain).

Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $153,229, and the median home value is $1,162,800. The population density is 4,659 people per square mile.

825 W 40 ST 3, Miami Beach, FL 33140 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 2022 to 2023, with 4 recorded transactions in the public record.

The current assessed value represents 22% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $1485 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

C.T.J. ASSOCIATES LLC
4024 208 ST, FLUSHING, NY, 11361
Since: 2026-03-29
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Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$4,413 — $8,158
Flood $400 — $800
Property/Wind $4,013 — $7,358

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$153,229
Median Home Value$1,162,800
Pop. Density4,659/sq mi

Neighborhood 33140

27%
Owner-Occ
73%
Investor
2,819
Flips (4yr)
4,853
New Biz (3yr)
Distress Risk
MODERATE
31
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