12 TAHITI BEACH ISLAND RD, Coral Gables, FL 33143

12 TAHITI BEACH ISLAND RD, Coral Gables, FL 33143 is a 5-bedroom, 7.5-bathroom residential - single family : 1 unit built in 1994 with 10,441 square feet of living space on a 40,590 square foot lot. The property is currently owned by ALEXANDER ALMAZAN TRS THE 12 TAHITI ISLAND ROAD TRUST, recorded as of 2026-04-11. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2026-03-19 for $32,000,000, when LAUREN B STURGES sold to ALEXANDER ALMAZAN TRS. The property has appreciated $22,800,000 (248%) since the prior sale of $9,200,000 on 2008-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $7,983,040 with a market value of $16,531,031. This breaks down to $14,206,500 for the land and $2,324,531 for the building. The assessed value increased 3% from $7,758,057 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $183,944, and the median home value is $2,000,000. The population density is 1,064 people per square mile.

12 TAHITI BEACH ISLAND RD, Coral Gables, FL 33143 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 1987 to 2026, with 3 recorded transactions in the public record.

The current assessed value represents 25% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $3065 per square foot — a key metric for comparing value across Coral Gables's real estate market..