624 COLLINS AVE, Miami Beach, FL 33139

Parcel: 0242030040770 · Store · Retail Outlet · Zoning: 6501

Assessed Value (2025)
$3,501,000

Property Details

Living Sqft
8,648
Year Built
1922
Lot Sqft
7,000
Stories
2
STORE : RETAIL OUTLET

Sales History

1
$9,490,200
2022-04-20
624 COLLINS OWNER LLCARCPE 1 LLC
2
$100non-market transfer
2022-05-31
ARCPE 1 LLCPALM AVENUE HIALEAH TRUST
3
N/A
2022-06-03
4
$6,000,000
2023-07-07
PALM AVENUE HIALEAH TRUST624 COLLINS AVE LLC
5
$6,000,000
2023-07-19

Tax Assessment History

$3,501,000
Assessed (2025)
$3,501,000
Market Value
$3,501,000
Taxable Value
$71,278
Annual Tax
2024
$5,278,000
2025
$3,501,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $3,501,000 $3,501,000 $3,501,000 $71,278
2024 $5,278,000 $5,278,000 $5,278,000 $107,456

About 624 COLLINS AVE, Miami Beach, FL 33139

624 COLLINS AVE, Miami Beach, FL 33139 is a store : retail outlet built in 1922 with 8,648 square feet of living space on a 7,000 square foot lot. The property is currently owned by 624 COLLINS AVE 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 2023-07-19 for $6,000,000. There are 5 recorded sales for this property. The 2025 assessed value is $3,501,000 with a market value of $3,501,000.

This breaks down to $3,500,000 for the land and $1,000 for the building. The assessed value decreased 34% from $5,278,000 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 $50,453, and the median home value is $285,000. The population density is 20,903 people per square mile.

624 COLLINS AVE, 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 2022 to 2023, with 5 recorded transactions in the public record.

The current assessed value represents 58% 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 $694 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

624 COLLINS AVE LLC
125 GOFF AVE 2101, PAWTUCKET, RI, 02860
Since: 2026-03-29
View owner profile →

People Behind This Entity

Registered Agent: SPENCER REBECCA
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Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$42,412 — $77,822
Flood $400 — $800
Property/Wind $42,012 — $77,022

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$50,453
Median Home Value$285,000
Pop. Density20,903/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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