5723 SW 42 TER, South Miami, FL 33155
Parcel: 0940240060410 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$360,802
Property Details
Beds
3
Baths
1
Living Sqft
1,097
Year Built
1950
Lot Sqft
7,300
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$100non-market transfer
2006-10-25
THE FALCON FAMILY LIMITED → LUIS A FALCON
2
$100non-market transfer
2017-08-03
LUIS A FALCON &W JOSEFA H → FALCON FAMILY LIMITED PARTNERSHIP
3
$100non-market transfer
2017-08-14
THE FALCON FAMILY LIMITED → LUIS A FALCON
Tax Assessment History
$360,802
Assessed (2025)
$587,979
Market Value
$310,080
Taxable Value
$6,313
Annual Tax
2024
$350,634
$515,033
2025
$360,802
$587,979
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $360,802 | $587,979 | $310,080 | $6,313 | $474,500 | $113,479 |
| 2024 | $350,634 | $515,033 | $300,634 | $6,121 | $401,500 | $113,533 |
About 5723 SW 42 TER, South Miami, FL 33155
5723 SW 42 TER, South Miami, FL 33155 is a 3-bedroom, 1-bathroom residential - single family : 1 unit built in 1950 with 1,097 square feet of living space on a 7,300 square foot lot. The property is currently owned by LUIS A FALCON JTRS JOSE L FALCON JTRS, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2017-08-14 for $100, when THE FALCON FAMILY LIMITED sold to LUIS A FALCON. There are 3 recorded sales for this property. The 2025 assessed value is $360,802 with a market value of $587,979.
This breaks down to $474,500 for the land and $113,479 for the building. The assessed value increased 3% from $350,634 in 2024. The property has the following tax exemptions: homestead.
The median household income in this area is $116,701, and the median home value is $676,600. The population density is 4,777 people per square mile. 5723 SW 42 TER, South Miami, FL 33155 is located in South Miami, Florida.
Property records, tax assessments, sales history, and ownership information for this South Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2006 to 2017, with 3 recorded transactions in the public record..
Current Owner
LUIS A FALCON JTRS JOSE L FALCON JTRS
5723 SW 42 TER, MIAMI, FL, 33155
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$4,729 — $8,737
Flood $400 — $800
Property/Wind $4,329 — $7,937
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$116,701
Median Home Value$676,600
Pop. Density4,777/sq mi
Neighborhood 33155
61.6%
Owner-Occ
38.4%
Investor
253
Flips (4yr)
9,120
New Biz (3yr)
Distress Risk
MODERATE
37
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