1605 BAY RD 507, Miami Beach, FL 33139

1605 BAY RD 507, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1982 with 950 square feet of living space. The property is currently owned by STEVEN SONES, 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 2023-10-12 for $580,000. There are 4 recorded sales for this property. The 2025 assessed value is $346,052 with a market value of $347,766.

The assessed value increased 3% from $336,300 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.

There are active mortgage liens totaling $422,578 recorded against this property. 1605 BAY RD 507, 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 2017 to 2023, with 4 recorded transactions in the public record. The current assessed value represents 60% 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 $611 per square foot — a key metric for comparing value across Miami Beach's real estate market..