1688 WEST AVE 503, Miami Beach, FL 33139

Parcel: 0232330570280 · Residential · Condominium - Residential · Zoning: 4100

Assessed Value (2025)
$306,627

Property Details

Beds
2
Baths
2
Living Sqft
1,000
Year Built
1995
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$345,000
2005-10-01
2
$181,000-48%
2012-05-02
ARMANDO PEREZ ROURAMIA SOBE INVESTMENTS LLC
3
$428,000+136%
2014-12-08
MIA SOBE INVESTMENTS LLCLILY ELASMAR

Tax Assessment History

$306,627
Assessed (2025)
$405,450
Market Value
$255,905
Taxable Value
$5,210
Annual Tax
2024
$297,986
$405,450
2025
$306,627
$405,450
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $306,627 $405,450 $255,905 $5,210
2024 $297,986 $405,450 $247,986 $5,049

About 1688 WEST AVE 503, Miami Beach, FL 33139

1688 WEST AVE 503, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1995 with 1,000 square feet of living space. The property is currently owned by LILY ELASMAR, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2014-12-08 for $428,000, when MIA SOBE INVESTMENTS LLC sold to LILY ELASMAR. The property has appreciated $247,000 (136%) since the prior sale of $181,000 on 2012-05-02. There are 3 recorded sales for this property.

The 2025 assessed value is $306,627 with a market value of $405,450. The assessed value increased 3% from $297,986 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 $80,318, and the median home value is $370,400.

The population density is 25,535 people per square mile. 1688 WEST AVE 503, Miami Beach, FL 33139 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 2005 to 2014, with 3 recorded transactions in the public record. The current assessed value represents 72% of the most recent sale price. Based on the most recent sale, this property traded at $428 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

LILY ELASMAR
1688 WEST AVE # 503, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$2,853 — $5,092
Flood $400 — $800
Property/Wind $2,453 — $4,292

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$80,318
Median Home Value$370,400
Pop. Density25,535/sq mi

Neighborhood 33139

20.8%
Owner-Occ
79.2%
Investor
715
Flips (4yr)
12,810
New Biz (3yr)
Distress Risk
MODERATE
31
View full risk analysis →
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