1229 MERIDIAN AVE 5, Miami Beach, FL 33139

Parcel: 0242030710050 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$202,420

Property Details

Beds
1
Baths
1
Living Sqft
576
Year Built
1940
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$15,000
1979-10-01
2
$17,000+13%
1986-11-01
3
$97,000+471%
2011-03-16
BERNARD SOLOMONWILLIAM P PARTAK

Tax Assessment History

$202,420
Assessed (2025)
$223,865
Market Value
$202,420
Taxable Value
$4,121
Annual Tax
2024
$184,019
$223,865
2025
$202,420
$223,865
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $202,420 $223,865 $202,420 $4,121
2024 $184,019 $223,865 $184,019 $3,746

About 1229 MERIDIAN AVE 5, Miami Beach, FL 33139

1229 MERIDIAN AVE 5, Miami Beach, FL 33139 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1940 with 576 square feet of living space. The property is currently owned by WILLIAM P PARTAK MARY M PARTAK, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2011-03-16 for $97,000, when BERNARD SOLOMON sold to WILLIAM P PARTAK. The property has appreciated $80,000 (471%) since the prior sale of $17,000 on 1986-11-01. There are 3 recorded sales for this property.

The 2025 assessed value is $202,420 with a market value of $223,865. The assessed value increased 10% from $184,019 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.

1229 MERIDIAN AVE 5, 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 1979 to 2011, with 3 recorded transactions in the public record.

The current assessed value represents 209% 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 $168 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

WILLIAM P PARTAK MARY M PARTAK
1229 MERIDIAN AVE #5, MIAMI BEACH, FL, 33139
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$2,829 — $5,253
Flood $400 — $800
Property/Wind $2,429 — $4,453

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$50,945
Median Home Value$284,100
Pop. Density16,037/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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