1120 7 ST 1B, Miami Beach, FL 33139

Parcel: 0242032770030 · Residential · Condominium - Residential · Zoning: 3900

Assessed Value (2025)
$299,866

Property Details

Beds
2
Baths
2
Living Sqft
860
Year Built
1955
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$300,000
2017-10-24
MICHAEL ARON CARICOJOSEPH WALLACE
2
$100non-market transfer
2019-04-09
JOSEPH WALLACEJOSEPH WALLACE TRS
3
$425,000
2021-12-21
JOSEPH WALLACE TRSELITE GREEN INVESTMENTS LLC

Tax Assessment History

$299,866
Assessed (2025)
$299,866
Market Value
$299,866
Taxable Value
$6,105
Annual Tax
2024
$295,084
$299,866
2025
$299,866
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $299,866 $299,866 $299,866 $6,105
2024 $295,084 $299,866 $295,084 $6,008

About 1120 7 ST 1B, Miami Beach, FL 33139

1120 7 ST 1B, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1955 with 860 square feet of living space. The property is currently owned by ELITE GREEN INVESTMENTS LLC, 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 2021-12-21 for $425,000, when JOSEPH WALLACE TRS sold to ELITE GREEN INVESTMENTS LLC. The property has appreciated $424,900 (424900%) since the prior sale of $100 on 2019-04-09. There are 3 recorded sales for this property.

The 2025 assessed value is $299,866 with a market value of $299,866. The assessed value increased 2% from $295,084 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 $48,292, and the median home value is $190,800. The population density is 25,929 people per square mile.

There are active mortgage liens totaling $302,577 recorded against this property. 1120 7 ST 1B, 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 2017 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 71% of the most recent sale price. Based on the most recent sale, this property traded at $494 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

ELITE GREEN INVESTMENTS LLC
1100 WEST AVE 327, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$3,998 — $7,397
Flood $400 — $800
Property/Wind $3,598 — $6,597

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$48,292
Median Home Value$190,800
Pop. Density25,929/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
$318,750
~$302,577 bal.
LEGIONS CAPITAL INC · 2022-01-14
Est. Total Balance $302,577
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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