1621 BAY RD 508, Miami Beach, FL 33139

Parcel: 0232330630650 · Residential · Condominium - Residential · Zoning: 4000

Assessed Value (2025)
$528,640

Property Details

Beds
2
Baths
2
Living Sqft
950
Year Built
1997
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$100non-market transfer
2021-12-07
FABIOLA B SANTANDERFABIOLA SANTANDER TRS
2
$525,000
2022-06-22
FABIOLA SANTANDER TRSSTEPHANIE RIOS
3
$525,000
2022-07-11
4
$560,000+7%
2025-11-28
STEPHANIE RIOSMPS ATLANTIC INVESTMENT LLC
5
$560,000
2025-12-17

Tax Assessment History

$528,640
Assessed (2025)
$528,640
Market Value
$477,918
Taxable Value
$9,730
Annual Tax
2024
$528,640
2025
$528,640
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $528,640 $528,640 $477,918 $9,730
2024 $528,640 $528,640 $478,640 $9,745

About 1621 BAY RD 508, Miami Beach, FL 33139

1621 BAY RD 508, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1997 with 950 square feet of living space. The property is currently owned by MPS ATLANTIC INVESTMENT 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 2025-12-17 for $560,000. There are 5 recorded sales for this property. The 2025 assessed value is $528,640 with a market value of $528,640.

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 $465,739 recorded against this property.

1621 BAY RD 508, 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 2021 to 2025, with 5 recorded transactions in the public record.

The current assessed value represents 94% of the most recent sale price. Based on the most recent sale, this property traded at $589 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

MPS ATLANTIC INVESTMENT LLC
1532 DREXEL AVE 204, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

People Behind This Entity

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$4,629 — $8,200
Flood $400 — $800
Property/Wind $4,229 — $7,400

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 4.625% rate
$498,750
~$465,739 bal.
ALLIANT CU · 2022-07-11
Est. Total Balance $465,739
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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