242 MERIDIAN AVE, Miami Beach, FL 33139

242 MERIDIAN AVE, Miami Beach, FL 33139 is a 4-bedroom, 4-bathroom residential - single family : additional living quarters built in 1921 with 1,806 square feet of living space on a 4,200 square foot lot. The property is currently owned by PEGASUS MIAMI INVESTMENTS INC, 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 2022-03-29 for $2,450,000. There are 4 recorded sales for this property. The 2025 assessed value is $1,824,517 with a market value of $1,824,517.

This breaks down to $1,470,000 for the land and $354,517 for the building. The assessed value increased 6% from $1,722,796 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 $87,115, and the median home value is $2,000,001. The population density is 7,330 people per square mile.

There are active mortgage liens totaling $1,612,000 recorded against this property. 242 MERIDIAN 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 2012 to 2022, with 4 recorded transactions in the public record. The current assessed value represents 74% of the most recent sale price. Based on the most recent sale, this property traded at $1357 per square foot — a key metric for comparing value across Miami Beach's real estate market..