245 MICHIGAN AVE LG-2, Miami Beach, FL 33139

245 MICHIGAN AVE LG-2, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 2004 with 1,445 square feet of living space. The property is currently owned by ROBERT ALLEN FRANS JR ROBERT ALLEN FRANS JR TRS, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2025-12-15 for $1,469,400. There are 5 recorded sales for this property. The 2025 assessed value is $906,911 with a market value of $906,911.

The assessed value increased 54% from $590,399 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 $87,115, and the median home value is $2,000,001. The population density is 7,330 people per square mile. 245 MICHIGAN AVE LG-2, 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 2008 to 2025, with 5 recorded transactions in the public record. The current assessed value represents 62% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $1017 per square foot — a key metric for comparing value across Miami Beach's real estate market..