1040 7 ST 1040-1, Miami Beach, FL 33139

1040 7 ST 1040-1, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1956 with 1,427 square feet of living space. The property is currently owned by PHONG VUONG TANJA VUONG, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2017-10-05 for $355,000, when AUDREY MARCH sold to PHONG VUONG. The property has appreciated $195,000 (122%) since the prior sale of $160,000 on 2010-12-22. There are 3 recorded sales for this property.

The 2025 assessed value is $503,122 with a market value of $518,857. The assessed value increased 10% from $457,384 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 $48,292, and the median home value is $190,800. The population density is 25,929 people per square mile.

There are active mortgage liens totaling $287,791 recorded against this property. 1040 7 ST 1040-1, 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 2009 to 2017, with 3 recorded transactions in the public record. The current assessed value represents 142% 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 $249 per square foot — a key metric for comparing value across Miami Beach's real estate market..