151 MICHIGAN AVE 524, Miami Beach, FL 33139

Parcel: 0242032091770 · Residential · Condominium - Residential · Zoning: 6506

Assessed Value (2025)
$337,572

Property Details

Beds
2
Baths
2
Living Sqft
1,155
Year Built
2004
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$367,000
2003-07-01
2
$399,000+9%
2009-05-12
CARLOS CATTINIRICHARD W GRAY III TRS

Tax Assessment History

$337,572
Assessed (2025)
$849,601
Market Value
$286,850
Taxable Value
$5,840
Annual Tax
2024
$328,059
$809,144
2025
$337,572
$849,601
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $337,572 $849,601 $286,850 $5,840
2024 $328,059 $809,144 $278,059 $5,661

About 151 MICHIGAN AVE 524, Miami Beach, FL 33139

151 MICHIGAN AVE 524, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 2004 with 1,155 square feet of living space. The property is currently owned by RICHARD W GRAY III TRS, 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 2009-05-12 for $399,000, when CARLOS CATTINI sold to RICHARD W GRAY III TRS. The property has appreciated $32,000 (9%) since the prior sale of $367,000 on 2003-07-01. The 2025 assessed value is $337,572 with a market value of $849,601.

The assessed value increased 3% from $328,059 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 $87,115, and the median home value is $2,000,001. The population density is 7,330 people per square mile.

151 MICHIGAN AVE 524, 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 2003 to 2009, with 2 recorded transactions in the public record.

The current assessed value represents 85% of the most recent sale price. Based on the most recent sale, this property traded at $345 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

RICHARD W GRAY III TRS
151 MICHIGAN AVE #524, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$2,425 — $4,175
Flood $400 — $800
Property/Wind $2,025 — $3,375

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$87,115
Median Home Value$2,000,001
Pop. Density7,330/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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