540 WEST AVE 1214, Miami Beach, FL 33139

Parcel: 0242032911570 · Residential · Condominium - Residential · Zoning: 6505

Assessed Value (2025)
$948,086

Property Details

Beds
2
Baths
2
Living Sqft
1,058
Year Built
2004
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$100non-market transfer
2020-05-09
TIMOTHY P CARR LIVING TRSTIMOTHY P CARR
2
$1,100,000
2021-07-26
TIMOTHY P CARROSAMA R MUSTAFA

Tax Assessment History

$948,086
Assessed (2025)
$948,087
Market Value
$948,086
Taxable Value
$19,302
Annual Tax
2024
$861,897
2025
$948,086
$948,087
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $948,086 $948,087 $948,086 $19,302
2024 $861,897 $861,897 $861,897 $17,548

About 540 WEST AVE 1214, Miami Beach, FL 33139

540 WEST AVE 1214, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 2004 with 1,058 square feet of living space. The property is currently owned by OSAMA R MUSTAFA, 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 2021-07-26 for $1,100,000, when TIMOTHY P CARR sold to OSAMA R MUSTAFA . The property has appreciated $1,099,900 (1099900%) since the prior sale of $100 on 2020-05-09. The 2025 assessed value is $948,086 with a market value of $948,087.

The assessed value increased 10% from $861,897 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. There are active mortgage liens totaling $778,486 recorded against this property.

540 WEST AVE 1214, 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 2020 to 2021, with 2 recorded transactions in the public record.

The current assessed value represents 86% of the most recent sale price. Based on the most recent sale, this property traded at $1040 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

OSAMA R MUSTAFA
540 WEST AVE UNIT 1214, MIAMI, FL, 33139
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$6,088 — $10,280
Flood $400 — $800
Property/Wind $5,688 — $9,480

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 →

Mortgages

ACTIVE
$825,000
~$778,486 bal.
CITADEL SERVICING CORPORATION · 2021-08-06
Est. Total Balance $778,486
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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