245 MICHIGAN AVE LG-3, Miami Beach, FL 33139

Parcel: 0242032800050 · Residential · Condominium - Residential · Zoning: 3001

Assessed Value (2025)
$732,095

Property Details

Beds
2
Baths
2
Living Sqft
1,445
Year Built
2004
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$391,100
2009-10-21
GEORGE MENELASCAMBRIDGE CAPITAL CORP
2
$490,000+25%
2010-11-18
CAMBRIDGE CAPITAL CORPVICTORIA DOWNEY
3
$775,000+58%
2021-08-19
VICTORIA DOWNEY BENJAMIN SCOTT ISRAEL
4
$775,000
2021-08-27

Tax Assessment History

$732,095
Assessed (2025)
$906,911
Market Value
$732,095
Taxable Value
$14,905
Annual Tax
2024
$665,541
$1,042,426
2025
$732,095
$906,911
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $732,095 $906,911 $732,095 $14,905
2024 $665,541 $1,042,426 $665,541 $13,550

About 245 MICHIGAN AVE LG-3, Miami Beach, FL 33139

245 MICHIGAN AVE LG-3, 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 BENJAMIN SCOTT ISRAEL, 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 2021-08-27 for $775,000. There are 4 recorded sales for this property. The 2025 assessed value is $732,095 with a market value of $906,911.

The assessed value increased 10% from $665,541 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. There are active mortgage liens totaling $454,811 recorded against this property.

245 MICHIGAN AVE LG-3, 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 2009 to 2021, with 4 recorded transactions in the public record.

The current assessed value represents 94% of the most recent sale price. Based on the most recent sale, this property traded at $536 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

BENJAMIN SCOTT ISRAEL
245 MICHIGAN AVE LG-3, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$4,792 — $8,120
Flood $400 — $800
Property/Wind $4,392 — $7,320

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 →

Mortgages

ACTIVE
$525,000
~$454,811 bal.
WELLS FARGO BANK NA · 2021-08-27
Est. Total Balance $454,811
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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