1000 MICHIGAN AVE 507, Miami Beach, FL 33139

Parcel: 0242031140340 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$256,363

Property Details

Beds
1
Baths
1.5
Living Sqft
792
Year Built
1970
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$226,000
2012-11-29
FEDERAL NATIONAL MORTGAGE ASSNCHARLES W FAIGLE JTRS
2
$275,000+22%
2016-02-10
CHARLES W FAIGLE JTRSSOHO LUXURY LLC
3
$350,000+27%
2025-02-13
SOHO LUXURY LLCNATALIE SHMULIK
4
$350,000
2025-02-25

Tax Assessment History

$256,363
Assessed (2025)
$310,237
Market Value
$256,363
Taxable Value
$5,219
Annual Tax
2024
$233,058
$318,192
2025
$256,363
$310,237
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $256,363 $310,237 $256,363 $5,219
2024 $233,058 $318,192 $233,058 $4,745

About 1000 MICHIGAN AVE 507, Miami Beach, FL 33139

1000 MICHIGAN AVE 507, Miami Beach, FL 33139 is a 1-bedroom, 1.5-bathroom residential - total value : condominium - residential built in 1970 with 792 square feet of living space. The property is currently owned by NATALIE SHMULIK, 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 2025-02-25 for $350,000. There are 4 recorded sales for this property. The 2025 assessed value is $256,363 with a market value of $310,237.

The assessed value increased 10% from $233,058 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. 1000 MICHIGAN AVE 507, 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 2012 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 73% of the most recent sale price.

Based on the most recent sale, this property traded at $442 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

NATALIE SHMULIK
651 N MILWAUKEE AVE 401, CHICAGO, IL, 60642
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$2,963 — $5,414
Flood $400 — $800
Property/Wind $2,563 — $4,614

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$74,411
Median Home Value$356,900
Pop. Density11,378/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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