3745 ROYAL PALM AVE, Miami Beach, FL 33140

3745 ROYAL PALM AVE, Miami Beach, FL 33140 is a 4-bedroom, 3-bathroom multifamily 2-9 units : 2 living units built in 1935 with 4,003 square feet of living space on a 8,750 square foot lot. The property is currently owned by ROYAL PARTNERS 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 2021-05-04 for $562,500, when RENE L SUAREZ sold to ROYAL PARTNERS LLC. The 2025 assessed value is $1,311,989 with a market value of $1,890,000. This breaks down to $1,706,250 for the land and $183,750 for the building.

The assessed value increased 10% from $1,192,718 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. 3745 ROYAL PALM AVE, 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 2020 to 2021, with 2 recorded transactions in the public record. The current assessed value represents 233% 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 $141 per square foot — a key metric for comparing value across Miami Beach's real estate market..