1605 BAY RD 408, Miami Beach, FL 33139

Parcel: 0232330610310 · Residential · Condominium - Residential · Zoning: 4000

Assessed Value (2025)
$354,624

Property Details

Beds
2
Baths
2
Living Sqft
970
Year Built
1982
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$275,000
2005-03-01
2
$395,000+44%
2021-06-18
MARK N SCHAFER & JOSEPH BFABIO LISBOA NUNES
3
$440,000+11%
2024-05-22
FABIO LISBOA NUNESIGNACIO ROMERO
4
$440,000
2024-06-06

Tax Assessment History

$354,624
Assessed (2025)
$354,624
Market Value
$354,624
Taxable Value
$7,220
Annual Tax
2024
$376,372
$460,551
2025
$354,624
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $354,624 $354,624 $354,624 $7,220
2024 $376,372 $460,551 $376,372 $7,663

About 1605 BAY RD 408, Miami Beach, FL 33139

1605 BAY RD 408, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1982 with 970 square feet of living space. The property is currently owned by IGNACIO ROMERO, 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 2024-06-06 for $440,000. There are 4 recorded sales for this property. The 2025 assessed value is $354,624 with a market value of $354,624.

The assessed value decreased 6% from $376,372 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 $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 $278,864 recorded against this property.

1605 BAY RD 408, 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 2024, with 4 recorded transactions in the public record.

The current assessed value represents 81% of the most recent sale price. Based on the most recent sale, this property traded at $454 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

IGNACIO ROMERO
1605 BAY RD 408, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$3,946 — $7,183
Flood $400 — $800
Property/Wind $3,546 — $6,383

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 →

Mortgages

ACTIVE
$296,250
~$278,864 bal.
CALIBER HOME LOANS INC · 2021-07-09
Est. Total Balance $278,864
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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