1024 MICHIGAN AVE, Miami Beach, FL 33139

1024 MICHIGAN AVE, Miami Beach, FL 33139 is a 16-bedroom, 13-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1941 with 7,465 square feet of living space on a 10,000 square foot lot. The property is currently owned by MARKETWISE INVESTMENTS 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 2016-06-29 for $1,410,000, when OMBRETTA LLC sold to MARKETWISE INVESTMENTS LLC. The property has appreciated $110,000 (8%) since the prior sale of $1,300,000 on 2014-02-03. The 2025 assessed value is $2,300,000 with a market value of $2,300,000.

This breaks down to $2,000,000 for the land and $300,000 for the building. The assessed value decreased 5% from $2,410,000 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 $74,411, and the median home value is $356,900. The population density is 11,378 people per square mile.

There are active mortgage liens totaling $115,297 recorded against this property. 1024 MICHIGAN 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 2014 to 2016, with 2 recorded transactions in the public record. The current assessed value represents 163% 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 $189 per square foot — a key metric for comparing value across Miami Beach's real estate market..