540 WEST AVE 1111, Miami Beach, FL 33139

Parcel: 0242032910910 · Residential · Condominium - Residential · Zoning: 6505

Assessed Value (2025)
$736,694

Property Details

Beds
2
Baths
2
Living Sqft
1,252
Year Built
2004
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$720,300
2005-04-01
2
$750,500+4%
2020-07-02
SPENCER D PEPE &W XAVIERA MDAVID SCOTT
3
$1,350,000+80%
2025-05-08
DAVID SCOTTAZURE FL1 LLC
4
$1,350,000
2025-05-19

Tax Assessment History

$736,694
Assessed (2025)
$1,283,798
Market Value
$685,972
Taxable Value
$13,966
Annual Tax
2024
$715,932
$1,167,089
2025
$736,694
$1,283,798
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $736,694 $1,283,798 $685,972 $13,966
2024 $715,932 $1,167,089 $665,932 $13,558

About 540 WEST AVE 1111, Miami Beach, FL 33139

540 WEST AVE 1111, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 2004 with 1,252 square feet of living space. The property is currently owned by AZURE FL1 LLC, 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 2025-05-19 for $1,350,000. There are 4 recorded sales for this property. The 2025 assessed value is $736,694 with a market value of $1,283,798.

The assessed value increased 3% from $715,932 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 $67,614, and the median home value is $434,900. The population density is 29,194 people per square mile.

540 WEST AVE 1111, 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 2005 to 2025, with 4 recorded transactions in the public record.

The current assessed value represents 55% 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 $1078 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

AZURE FL1 LLC
540 WEST AVE 1111, MIAMI BEACH, FL, 33139
Since: 2026-03-29
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People Behind This Entity

Registered Agent: SIMPLYLEGAL
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Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$4,820 — $8,166
Flood $400 — $800
Property/Wind $4,420 — $7,366

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
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