1559 MICHIGAN AVE 203, Miami Beach, FL 33139

Parcel: 0232341520090 · Residential · Condominium - Residential · Zoning: 3900

Assessed Value (2025)
$264,000

Property Details

Beds
2
Baths
1
Living Sqft
691
Year Built
1925
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$10non-market transfer
2008-12-30
SHARON WEISSLARRY JAMES SHAFER JR
2
$245,000
2013-05-15
LARRY JAMES SHAFER JRBASMAH MAROUF
3
$300,000+22%
2022-12-28
BASMAH MAROUFKISMET ROLLINS
4
$300,000
2022-12-30

Tax Assessment History

$264,000
Assessed (2025)
$276,000
Market Value
$264,000
Taxable Value
$5,375
Annual Tax
2024
$240,000
2025
$264,000
$276,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $264,000 $276,000 $264,000 $5,375
2024 $240,000 $240,000 $240,000 $4,886

About 1559 MICHIGAN AVE 203, Miami Beach, FL 33139

1559 MICHIGAN AVE 203, Miami Beach, FL 33139 is a 2-bedroom, 1-bathroom residential - total value : condominium - residential built in 1925 with 691 square feet of living space. The property is currently owned by KISMET ROLLINS, 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 2022-12-30 for $300,000. There are 4 recorded sales for this property. The 2025 assessed value is $264,000 with a market value of $276,000.

The assessed value increased 10% from $240,000 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 $41,263, and the median home value is $450,000. The population density is 13,556 people per square mile. 1559 MICHIGAN AVE 203, 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 2022, with 4 recorded transactions in the public record. The current assessed value represents 88% of the most recent sale price.

Based on the most recent sale, this property traded at $434 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

KISMET ROLLINS
1559 MICHIGAN AVE APT 203, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$3,568 — $6,608
Flood $400 — $800
Property/Wind $3,168 — $5,808

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$41,263
Median Home Value$450,000
Pop. Density13,556/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 →
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