1390 OCEAN DR 507, Miami Beach, FL 33139

1390 OCEAN DR 507, Miami Beach, FL 33139 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1965 with 716 square feet of living space. The property is currently owned by MAGOLP 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 2013-04-30 for $490,000, when TODD A WEILER TRS sold to MAGOLP LLC. The property has appreciated $489,900 (489900%) since the prior sale of $100 on 2010-12-08. There are 3 recorded sales for this property.

The 2025 assessed value is $249,480 with a market value of $249,480. The assessed value decreased 6% from $266,200 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 $50,945, and the median home value is $284,100. The population density is 16,037 people per square mile.

1390 OCEAN DR 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 2008 to 2013, with 3 recorded transactions in the public record.

The current assessed value represents 51% 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 $684 per square foot — a key metric for comparing value across Miami Beach's real estate market..