1390 OCEAN DR 506, Miami Beach, FL 33139

1390 OCEAN DR 506, Miami Beach, FL 33139 is a residential - total value : condominium - residential built in 1965 with 571 square feet of living space. The property is currently owned by ANGEL L PALACIOS, 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 2022-01-14 for $50,000, when VICTOR KANEFSKY sold to ANGEL L PALACIOS. The property sold for $216,000 less than the prior sale of $266,000 on 2009-08-06. There are 3 recorded sales for this property.

The 2025 assessed value is $160,568 with a market value of $217,800. The assessed value increased 3% from $156,043 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 $50,945, and the median home value is $284,100.

The population density is 16,037 people per square mile. 1390 OCEAN DR 506, 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 2004 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 321% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal.

Based on the most recent sale, this property traded at $88 per square foot — a key metric for comparing value across Miami Beach's real estate market..