465 OCEAN DR 1109, Miami Beach, FL 33139

465 OCEAN DR 1109, Miami Beach, FL 33139 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1969 with 654 square feet of living space. The property is currently owned by THOMAS REICHERT PATRICIA REICHERT, 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 2014-03-11 for $765,000, when THOMAS REICHERT sold to THOMAS REICHERT. The property has appreciated $160,000 (26%) since the prior sale of $605,000 on 2007-12-01. There are 3 recorded sales for this property.

The 2025 assessed value is $476,044 with a market value of $520,496. The assessed value increased 10% from $432,768 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 $40,744, and the median home value is $396,800. The population density is 13,742 people per square mile.

465 OCEAN DR 1109, 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 1988 to 2014, with 3 recorded transactions in the public record.

The current assessed value represents 62% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $1170 per square foot — a key metric for comparing value across Miami Beach's real estate market..