1242 DREXEL AVE 207, Miami Beach, FL 33139

1242 DREXEL AVE 207, Miami Beach, FL 33139 is a 2-bedroom, 1.5-bathroom residential - total value : condominium - residential built in 1925 with 790 square feet of living space. The property is currently owned by PHILIP M BUSSEY KELLEY K BUSSEY, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2016-07-29 for $275,000, when MARGARET I OKONKWO sold to PHILIP M BUSSEY. The property has appreciated $172,000 (167%) since the prior sale of $103,000 on 1998-10-01. The 2025 assessed value is $237,151 with a market value of $264,839.

The assessed value increased 3% from $230,468 in 2024. The property has the following tax exemptions: homestead. 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.

There are active mortgage liens totaling $217,690 recorded against this property. 1242 DREXEL AVE 207, 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 1998 to 2016, with 2 recorded transactions in the public record. The current assessed value represents 86% of the most recent sale price. Based on the most recent sale, this property traded at $348 per square foot — a key metric for comparing value across Miami Beach's real estate market..