1025 MICHIGAN AVE 1B, Miami Beach, FL 33139

Parcel: 0242032820020 · Residential · Condominium - Residential · Zoning: 3900

Assessed Value (2025)
$371,915

Property Details

Beds
1
Baths
2
Living Sqft
997
Year Built
1940
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$365,000
2008-10-24
DEAN SILBERSACKCHRISTOPHER J AUSTIN
2
$395,000+8%
2015-09-17
CHRISTOPHER J AUSTINJAIME ORTIZ DE PILAR
3
$375,000-5%
2021-10-28
JAIME ORTIZ DE PILARMARCUS PLUMB

Tax Assessment History

$371,915
Assessed (2025)
$461,054
Market Value
$371,915
Taxable Value
$7,572
Annual Tax
2024
$338,105
$461,054
2025
$371,915
$461,054
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $371,915 $461,054 $371,915 $7,572
2024 $338,105 $461,054 $338,105 $6,884

About 1025 MICHIGAN AVE 1B, Miami Beach, FL 33139

1025 MICHIGAN AVE 1B, Miami Beach, FL 33139 is a 1-bedroom, 2-bathroom residential - total value : condominium - residential built in 1940 with 997 square feet of living space. The property is currently owned by MARCUS PLUMB, 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 2021-10-28 for $375,000, when JAIME ORTIZ DE PILAR sold to MARCUS PLUMB. The property sold for $20,000 less than the prior sale of $395,000 on 2015-09-17. There are 3 recorded sales for this property.

The 2025 assessed value is $371,915 with a market value of $461,054. The assessed value increased 10% from $338,105 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 $74,411, and the median home value is $356,900. The population density is 11,378 people per square mile.

There are active mortgage liens totaling $337,377 recorded against this property. 1025 MICHIGAN AVE 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 2008 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 99% of the most recent sale price. Based on the most recent sale, this property traded at $376 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

MARCUS PLUMB
1025 MICHIGAN AVE 1B, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$4,862 — $8,982
Flood $400 — $800
Property/Wind $4,462 — $8,182

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$74,411
Median Home Value$356,900
Pop. Density11,378/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
$356,250
~$337,377 bal.
BISCAYNE MORTGAGE LLC · 2021-11-08
Est. Total Balance $337,377
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales