2421 LAKE PANCOAST DR 1G, Miami Beach, FL 33140

2421 LAKE PANCOAST DR 1G, Miami Beach, FL 33140 is a residential - total value : condominium - residential built in 1936 with 534 square feet of living space. The property is currently owned by RAPHAEL VALENCIA, 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 2022-01-06 for $500,000, when STEPHANIE MARLON BELL TRS sold to RAPHAEL VALENCIA. The property has appreciated $140,000 (39%) since the prior sale of $360,000 on 2017-03-16. There are 3 recorded sales for this property.

The 2025 assessed value is $292,426 with a market value of $301,429. The assessed value increased 3% from $284,185 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 $-666,666,666, and the median home value is $487,600.

The population density is 12,994 people per square mile. There are active mortgage liens totaling $356,099 recorded against this property. 2421 LAKE PANCOAST DR 1G, 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 2015 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 58% 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 $936 per square foot — a key metric for comparing value across Miami Beach's real estate market..