345 OCEAN DR 603, Miami Beach, FL 33139

Parcel: 0242031180920 · Residential · Condominium - Residential · Zoning: 4900

Assessed Value (2025)
$338,065

Property Details

Beds
1
Baths
1
Living Sqft
659
Year Built
1970
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$195,000
2004-02-01
2
$10non-market transfer
2008-09-06
PAUL FIORELLINO &WMICHAEL FIORELLINO
3
$210,000
2008-12-01
MICHAEL FIORELLINOTOMAS E HERNANDEZ

Tax Assessment History

$338,065
Assessed (2025)
$360,037
Market Value
$338,065
Taxable Value
$6,883
Annual Tax
2024
$307,332
$342,892
2025
$338,065
$360,037
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $338,065 $360,037 $338,065 $6,883
2024 $307,332 $342,892 $307,332 $6,257

About 345 OCEAN DR 603, Miami Beach, FL 33139

345 OCEAN DR 603, 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 TOMAS E HERNANDEZ, 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 2008-12-01 for $210,000, when MICHAEL FIORELLINO sold to TOMAS E HERNANDEZ. The property has appreciated $209,990 (2099900%) since the prior sale of $10 on 2008-09-06. There are 3 recorded sales for this property.

The 2025 assessed value is $338,065 with a market value of $360,037. The assessed value increased 10% from $307,332 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.

There are active mortgage liens totaling $108,377 recorded against this property. 345 OCEAN DR 603, 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 2004 to 2008, with 3 recorded transactions in the public record. The current assessed value represents 161% 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 $319 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

TOMAS E HERNANDEZ
345 OCEAN DR #603, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$3,780 — $6,885
Flood $400 — $800
Property/Wind $3,380 — $6,085

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$40,744
Median Home Value$396,800
Pop. Density13,742/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 →

Mortgages

ACTIVE
$140,000
~$108,377 bal.
WELLS FARGO BANK NA · 2021-06-03
Est. Total Balance $108,377
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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