245 MICHIGAN AVE LG-5, Miami Beach, FL 33139

245 MICHIGAN AVE LG-5, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 2004 with 1,798 square feet of living space. The property is currently owned by JENNIFER E WEST TRS JENNIFER E WEST TRUST, 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 2023-07-14 for $1,530,000, when VERONICA PESANTES sold to JENNIFER E WEST TRS . The property has appreciated $1,529,900 (1529900%) since the prior sale of $100 on 2010-10-20. There are 3 recorded sales for this property.

The 2025 assessed value is $1,109,451 with a market value of $1,109,451. The assessed value decreased 13% from $1,275,231 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. There are active mortgage liens totaling $1,179,809 recorded against this property. 245 MICHIGAN AVE LG-5, 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 2004 to 2023, with 3 recorded transactions in the public record. The current assessed value represents 73% of the most recent sale price.

Based on the most recent sale, this property traded at $851 per square foot — a key metric for comparing value across Miami Beach's real estate market..