1045 5 ST, Miami Beach, FL 33139

1045 5 ST, Miami Beach, FL 33139 is a community shopping center : retail outlet built in 2019 with 167,336 square feet of living space on a 45,000 square foot lot. The property is currently owned by MAC 1045 5TH ST 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 2014-06-27 for $870,000, when MICHAEL PULWER sold to MAC 1045 5TH ST LLC. The property sold for $2,610,000 less than the prior sale of $3,480,000 on 2014-06-27. There are 3 recorded sales for this property.

The 2025 assessed value is $33,500,000 with a market value of $33,500,000. This breaks down to $22,250,000 for the land and $11,250,000 for the building. The assessed value increased 9% from $30,780,195 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. 1045 5 ST, 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 2014 to 2014, with 3 recorded transactions in the public record. The current assessed value represents 3851% 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 $5 per square foot — a key metric for comparing value across Miami Beach's real estate market..