510 W 31 ST, Miami Beach, FL 33140

510 W 31 ST, Miami Beach, FL 33140 is a 3-bedroom, 3.5-bathroom residential - single family : 1 unit built in 1937 with 3,188 square feet of living space on a 7,800 square foot lot. The property is currently owned by ALAN DENOS PARSONS LOUISE A PARSONS, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2016-05-18 for $1,880,000, when THOMAS W HAWKINS sold to ALAN DENOS PARSONS . The property has appreciated $630,000 (50%) since the prior sale of $1,250,000 on 2011-12-13. There are 3 recorded sales for this property.

The 2025 assessed value is $1,280,917 with a market value of $2,259,083. This breaks down to $1,521,000 for the land and $738,083 for the building. The assessed value increased 3% from $1,244,818 in 2024.

The property has the following tax exemptions: homestead. 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 $181,375, and the median home value is $1,152,300. The population density is 3,125 people per square mile. 510 W 31 ST, 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 2008 to 2016, with 3 recorded transactions in the public record. The current assessed value represents 68% 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 $590 per square foot — a key metric for comparing value across Miami Beach's real estate market..