1061 MICHIGAN AVE 3, Miami Beach, FL 33139

Parcel: 0242033320030 · Residential · Condominium - Residential · Zoning: 3900

Assessed Value (2025)
$624,490

Property Details

Beds
2
Baths
2.5
Living Sqft
1,278
Year Built
1940
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$388,500
2012-05-10
ADAM B KLARFELD &WBARTHELEMY GARNIER JTRS
2
$565,000+45%
2015-05-21
BARTHELEMY GARNIER JTRSROMAN STREULE
3
$775,000+37%
2024-12-12
4
$775,000
2024-12-14
ROMAN STREULEMICHAEL PAEZ

Tax Assessment History

$624,490
Assessed (2025)
$624,490
Market Value
$624,490
Taxable Value
$12,714
Annual Tax
2024
$454,869
$717,805
2025
$624,490
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $624,490 $624,490 $624,490 $12,714
2024 $454,869 $717,805 $404,869 $8,243

About 1061 MICHIGAN AVE 3, Miami Beach, FL 33139

1061 MICHIGAN AVE 3, Miami Beach, FL 33139 is a 2-bedroom, 2.5-bathroom residential - total value : condominium - residential built in 1940 with 1,278 square feet of living space. The property is currently owned by MICHAEL PAEZ STEPHANIE STRINGER, 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 2024-12-14 for $775,000, when ROMAN STREULE sold to MICHAEL PAEZ. There are 4 recorded sales for this property. The 2025 assessed value is $624,490 with a market value of $624,490.

The assessed value increased 37% from $454,869 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 $572,294 recorded against this property.

1061 MICHIGAN AVE 3, 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 2012 to 2024, with 4 recorded transactions in the public record.

The current assessed value represents 81% of the most recent sale price. Based on the most recent sale, this property traded at $606 per square foot — a key metric for comparing value across Miami Beach's real estate market..

Current Owner

MICHAEL PAEZ STEPHANIE STRINGER
1061 MICHIGAN AVE 3, MIAMI BEACH, FL, 33139
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$7,893 — $14,538
Flood $400 — $800
Property/Wind $7,493 — $13,738

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
$581,250
~$572,294 bal.
CORNERSTONE FIRST MORTGAGE LLC · 2024-12-12
Est. Total Balance $572,294
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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