1556 PALERMO AVE, Coral Gables, FL 33134

Parcel: 0341180030170 · Residential - Single Family · 1 Unit · Zoning: 0100

Assessed Value (2025)
$914,020

Property Details

Beds
3
Baths
2
Living Sqft
1,916
Year Built
1956
Lot Sqft
5,500
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
N/Anon-market transfer
2003-03-01
2
$875,000
2021-12-23
DAISY BILBAOMARIO JOSE VENGOECHEA
3
$875,000
2022-01-12
4
$1,090,000+25%
2025-11-13
MARIO JOSE VENGOECHEASANAM MIHIR DESAI
5
$1,090,000
2025-11-24

Tax Assessment History

$914,020
Assessed (2025)
$1,008,697
Market Value
$863,298
Taxable Value
$17,576
Annual Tax
2024
$888,261
$1,020,976
2025
$914,020
$1,008,697
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $914,020 $1,008,697 $863,298 $17,576
2024 $888,261 $1,020,976 $838,261 $17,066

About 1556 PALERMO AVE, Coral Gables, FL 33134

1556 PALERMO AVE, Coral Gables, FL 33134 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1956 with 1,916 square feet of living space on a 5,500 square foot lot. The property is currently owned by SANAM MIHIR DESAI KARINA SANJAY DESAI, 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 2025-11-24 for $1,090,000. There are 5 recorded sales for this property. The 2025 assessed value is $914,020 with a market value of $1,008,697.

This breaks down to $687,500 for the land and $321,197 for the building. The assessed value increased 3% from $888,261 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $175,528, and the median home value is $829,400. The population density is 3,972 people per square mile. There are active mortgage liens totaling $799,647 recorded against this property.

1556 PALERMO AVE, Coral Gables, FL 33134 is located in Coral Gables, Florida. Property records, tax assessments, sales history, and ownership information for this Coral Gables property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2003 to 2025, with 5 recorded transactions in the public record.

The current assessed value represents 84% of the most recent sale price. Based on the most recent sale, this property traded at $569 per square foot — a key metric for comparing value across Coral Gables's real estate market..

Current Owner

SANAM MIHIR DESAI KARINA SANJAY DESAI
1556 PALERMO AVE, CORAL GABLES, FL, 33134
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$11,368 — $20,908
Flood $400 — $800
Property/Wind $10,968 — $20,108

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$175,528
Median Home Value$829,400
Pop. Density3,972/sq mi

Neighborhood 33134

52.2%
Owner-Occ
47.8%
Investor
321
Flips (4yr)
14,561
New Biz (3yr)
Distress Risk
MODERATE
35
View full risk analysis →

Mortgages

ACTIVE
$805,000
~$799,647 bal.
NEIGHBORHOOD MORTGAGE INC · 2025-11-24
2 satisfied mortgages
SATISFIED 2022-01-12
$612,500
LOANDEPOT.COM LLC
SATISFIED 2020-01-08
$35,000
RAYMOND RAGUSA
Est. Total Balance $799,647
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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