120 PALM AVE, Miami Beach, FL 33139

Parcel: 0242050010351 · Residential - Single Family · 1 Unit · Zoning: 2200

Assessed Value (2025)
$7,180,454

Property Details

Beds
6
Baths
6.5
Living Sqft
6,508
Year Built
1934
Lot Sqft
30,000
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$2,800,000
2002-01-01
2
$7,500,000+168%
2013-11-18
FRANCISCO SARRIAEDMUNDO TAMAYO
3
N/Anon-market transfer
2013-12-09
EDMUNDO TAMAYOEDMUNDO TAMAYO

Tax Assessment History

$7,180,454
Assessed (2025)
$19,121,364
Market Value
$7,129,732
Taxable Value
$145,156
Annual Tax
2024
$6,978,090
$16,130,947
2025
$7,180,454
$19,121,364
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $7,180,454 $19,121,364 $7,129,732 $145,156
2024 $6,978,090 $16,130,947 $6,928,090 $141,050

About 120 PALM AVE, Miami Beach, FL 33139

120 PALM AVE, Miami Beach, FL 33139 is a 6-bedroom, 6.5-bathroom residential - single family : 1 unit built in 1934 with 6,508 square feet of living space on a 30,000 square foot lot. The property is currently owned by EDMUNDO TAMAYO, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

There are 3 recorded sales for this property. The 2025 assessed value is $7,180,454 with a market value of $19,121,364. This breaks down to $18,000,000 for the land and $1,121,364 for the building.

The assessed value increased 3% from $6,978,090 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 $189,605, and the median home value is $1,453,400. The population density is 3,945 people per square mile.

There are active mortgage liens totaling $3,364,622 recorded against this property. 120 PALM AVE, 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 2002 to 2013, with 3 recorded transactions in the public record..

Current Owner

EDMUNDO TAMAYO
9037 BISCAYNE BLVD, MIAMI, FL, 33138
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$86,565 — $158,769
Flood $400 — $800
Property/Wind $86,165 — $157,969

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$189,605
Median Home Value$1,453,400
Pop. Density3,945/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
$3,570,000
~$3,364,622 bal.
BANK OF AMERICA NA · 2021-08-04
Est. Total Balance $3,364,622
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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