12116 NE 5 AVE, North Miami, FL 33161
Parcel: 0622300310290 · Vacant Residential · Vacant Land · Zoning: 3700
Assessed Value (2025)
$600,000
Sales History
1
$85,000
2013-08-08
RAMON GARCIA → NE 5TH AVE DEVELOPMENT LLC
2
$360,000+324%
2020-08-14
NE 5TH AVE DEVELOPMENT LLC → US HOUSING EQUITY FUND LLC
3
$700,000+94%
2022-01-13
US HOUSING EQUITY FUND LLC → THE PALMS AT NORTH MIAMI LLC
4
$700,000
2022-01-31
Tax Assessment History
$600,000
Assessed (2025)
$600,000
Market Value
$600,000
Taxable Value
$12,216
Annual Tax
2024
$577,500
$600,000
2025
$600,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $600,000 | $600,000 | $600,000 | $12,216 | $600,000 | $0 |
| 2024 | $577,500 | $600,000 | $577,500 | $11,757 | $600,000 | $0 |
About 12116 NE 5 AVE, North Miami, FL 33161
12116 NE 5 AVE, North Miami, FL 33161 is a property. The property is currently owned by THE PALMS AT NORTH MIAMI 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 2022-01-31 for $700,000. There are 4 recorded sales for this property. The 2025 assessed value is $600,000 with a market value of $600,000.
The assessed value increased 4% from $577,500 in 2024. The median household income in this area is $45,451, and the median home value is $496,800. The population density is 10,294 people per square mile.
There are active mortgage liens totaling $180,000 recorded against this property. 12116 NE 5 AVE, 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 2013 to 2022, with 4 recorded transactions in the public record. The current assessed value represents 86% of the most recent sale price..
Current Owner
THE PALMS AT NORTH MIAMI LLC
19790 W DIXIE HWY 1001, MIAMI, FL, 33180
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$6,400 — $11,600
Flood $400 — $800
Property/Wind $6,000 — $10,800
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$45,451
Median Home Value$496,800
Pop. Density10,294/sq mi
Neighborhood 12116
100%
Owner-Occ
0%
Investor
1
Flips (4yr)
0
New Biz (3yr)
Distress Risk
LOW
11
Mortgages
ACTIVE
$180,000
OCEANFRONT REAL ESTATE CORP · 2020-09-03
Est. Total Balance $180,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales