1940 NE 172 ST, North Miami Beach, FL 33162

1940 NE 172 ST, North Miami Beach, FL 33162 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1957 with 1,413 square feet of living space on a 5,750 square foot lot. The property is currently owned by CJ REAL ESTATE HOLDINGS GROUP 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 2024-09-27 for $729,999. The property has appreciated $299,999 (70%) since the prior sale of $430,000 on 2024-09-20. There are 5 recorded sales for this property.

The 2025 assessed value is $331,609 with a market value of $331,609. This breaks down to $230,000 for the land and $101,609 for the building. The assessed value increased 47% from $226,176 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 $44,120, and the median home value is $-666,666,666.

The population density is 20,612 people per square mile. There are active mortgage liens totaling $322,499 recorded against this property. 1940 NE 172 ST, North Miami Beach, FL 33162 is located in North Miami Beach, Florida.

Property records, tax assessments, sales history, and ownership information for this North Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2023 to 2024, with 5 recorded transactions in the public record. The current assessed value represents 45% 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 $517 per square foot — a key metric for comparing value across North Miami Beach's real estate market..