1225 NE 124 ST 40C, North Miami, FL 33161

Parcel: 0622290770500 · Residential · Condominium - Residential · Zoning: 3000

Assessed Value (2025)
$130,011

Property Details

Beds
2
Baths
1
Living Sqft
815
Year Built
1972
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$38,900
1998-12-01
2
$100,000+157%
2019-11-05
MARIA MARTINEZM AND M PROPERTY DEVELOPMENT CORP
3
$110,000+10%
2020-01-14
M AND M PROPERTY DEVELOPMENT CORPWORLD RENT LLC

Tax Assessment History

$130,011
Assessed (2025)
$149,500
Market Value
$130,011
Taxable Value
$2,647
Annual Tax
2024
$118,192
$149,500
2025
$130,011
$149,500
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $130,011 $149,500 $130,011 $2,647
2024 $118,192 $149,500 $118,192 $2,406

About 1225 NE 124 ST 40C, North Miami, FL 33161

1225 NE 124 ST 40C, North Miami, FL 33161 is a 2-bedroom, 1-bathroom residential - total value : condominium - residential built in 1972 with 815 square feet of living space. The property is currently owned by WORLD RENT 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 2020-01-14 for $110,000, when M AND M PROPERTY DEVELOPMENT CORP sold to WORLD RENT LLC. The property has appreciated $10,000 (10%) since the prior sale of $100,000 on 2019-11-05. There are 3 recorded sales for this property.

The 2025 assessed value is $130,011 with a market value of $149,500. The assessed value increased 10% from $118,192 in 2024. This property is located in FEMA Flood Zone X, which indicates minimal flood risk.

Flood insurance is typically not required for properties in Zone X. The median household income in this area is $47,409, and the median home value is $392,000. The population density is 9,517 people per square mile.

1225 NE 124 ST 40C, 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 1998 to 2020, with 3 recorded transactions in the public record.

The current assessed value represents 118% of the most recent sale price. Based on the most recent sale, this property traded at $135 per square foot — a key metric for comparing value across North Miami's real estate market..

Current Owner

WORLD RENT LLC
11600 NW 91 ST STE 4, MEDLEY, FL, 33178
Since: 2026-03-29
View owner profile →

People Behind This Entity

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000

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$47,409
Median Home Value$392,000
Pop. Density9,517/sq mi

Neighborhood 33161

55.2%
Owner-Occ
44.8%
Investor
251
Flips (4yr)
4,232
New Biz (3yr)
Distress Risk
MODERATE
38
View full risk analysis →
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