345 OCEAN DR 503, Miami Beach, FL 33139

345 OCEAN DR 503, Miami Beach, FL 33139 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1970 with 659 square feet of living space. The property is currently owned by MARY TERRY, 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 2009-05-22 for $160,000, when EVELYN MANSET sold to MARY TERRY. There are 3 recorded sales for this property. The 2025 assessed value is $335,150 with a market value of $356,932.

The assessed value increased 10% from $304,682 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. 345 OCEAN DR 503, 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 1983 to 2009, 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 $243 per square foot — a key metric for comparing value across Miami Beach's real estate market..