520 WEST AVE 1501, Miami Beach, FL 33139

Parcel: 0242032910100 · Residential · Condominium - Residential · Zoning: 6505

Assessed Value (2025)
$1,988,247

Property Details

Beds
3
Baths
3.5
Living Sqft
1,992
Year Built
2004
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
N/Anon-market transfer
2015-10-01
PENNYMAC LOAN TRUST 2011 NPL1PMT NPL FINANCING 2015 1
2
$1,550,000
2015-12-18
PMT NPL FINANCING 2015 1JIBSR LLC
3
N/Anon-market transfer
2015-12-18
PMT NPL FINANCING 2015 1JIBSR LLC

Tax Assessment History

$1,988,247
Assessed (2025)
$2,150,601
Market Value
$1,988,247
Taxable Value
$40,479
Annual Tax
2024
$1,807,498
$1,955,092
2025
$1,988,247
$2,150,601
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,988,247 $2,150,601 $1,988,247 $40,479
2024 $1,807,498 $1,955,092 $1,807,498 $36,799

About 520 WEST AVE 1501, Miami Beach, FL 33139

520 WEST AVE 1501, Miami Beach, FL 33139 is a 3-bedroom, 3.5-bathroom residential - total value : condominium - residential built in 2004 with 1,992 square feet of living space. The property is currently owned by JIBSR 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 2015-12-18 for $1,550,000, when PMT NPL FINANCING 2015 1 sold to JIBSR LLC. There are 3 recorded sales for this property. The 2025 assessed value is $1,988,247 with a market value of $2,150,601.

The assessed value increased 10% from $1,807,498 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 $67,614, and the median home value is $434,900. The population density is 29,194 people per square mile. 520 WEST AVE 1501, 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 2015 to 2015, with 3 recorded transactions in the public record. The current assessed value represents 128% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $778 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

JIBSR LLC
1201 ORANGE ST 600, WILMINGTON, DE, 19801
Since: 2026-03-29
View owner profile →

People Behind This Entity

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$12,329 — $20,682
Flood $400 — $800
Property/Wind $11,929 — $19,882

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$67,614
Median Home Value$434,900
Pop. Density29,194/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 →
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