345 MICHIGAN AVE 40, Miami Beach, FL 33139

345 MICHIGAN AVE 40, Miami Beach, FL 33139 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1965 with 420 square feet of living space. The property is currently owned by IPBC 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 2022-05-05 for $195,000, when HECTOR MOLINA sold to IPBC LLC. The property has appreciated $126,000 (183%) since the prior sale of $69,000 on 2001-08-01. There are 3 recorded sales for this property.

The 2025 assessed value is $182,804 with a market value of $182,804. The assessed value increased 0% from $182,803 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 $48,292, and the median home value is $190,800. The population density is 25,929 people per square mile.

345 MICHIGAN AVE 40, 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 2001 to 2022, with 3 recorded transactions in the public record.

The current assessed value represents 94% of the most recent sale price. Based on the most recent sale, this property traded at $464 per square foot — a key metric for comparing value across Miami Beach's real estate market..