1227 MERIDIAN AVE 2, Miami Beach, FL 33139

1227 MERIDIAN AVE 2, Miami Beach, FL 33139 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1940 with 582 square feet of living space. The property is currently owned by PETER GALGAY, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2011-01-07 for $107,000, when JONATHAN SPECTOR sold to PETER GALGAY. The property has appreciated $106,900 (106900%) since the prior sale of $100 on 2009-11-13. There are 3 recorded sales for this property.

The 2025 assessed value is $203,469 with a market value of $224,566. The assessed value increased 10% from $184,972 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 $50,945, and the median home value is $284,100. The population density is 16,037 people per square mile.

1227 MERIDIAN AVE 2, 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 2009 to 2011, with 3 recorded transactions in the public record.

The current assessed value represents 190% 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 $184 per square foot — a key metric for comparing value across Miami Beach's real estate market..