1538 NE 131 LN, North Miami, FL 33161

1538 NE 131 LN, North Miami, FL 33161 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1948 with 2,098 square feet of living space on a 10,179 square foot lot. The property is currently owned by TROPIC HOLDINGS 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 2024-12-31 for $178,125. The property sold for $59,375 less than the prior sale of $237,500 on 2024-12-26. There are 4 recorded sales for this property.

The 2025 assessed value is $471,405 with a market value of $471,405. This breaks down to $302,685 for the land and $168,720 for the building. The assessed value increased 116% from $218,520 in 2024.

The median household income in this area is $43,719, and the median home value is $291,700. The population density is 11,178 people per square mile. 1538 NE 131 LN, North Miami, FL 33161 is located in North Miami, Florida.

Property records, tax assessments, sales history, and ownership information for this North Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2012 to 2024, with 4 recorded transactions in the public record. The current assessed value represents 265% 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 $85 per square foot — a key metric for comparing value across North Miami's real estate market..