5845 SW 88 ST, South Miami, FL 33156

Parcel: 0940360000940 · Residential - Single Family · 1 Unit · Zoning: 0800

Assessed Value (2025)
$986,670

Property Details

Beds
3
Baths
2
Living Sqft
3,450
Year Built
1950
Lot Sqft
8,622
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
N/Anon-market transfer
1991-04-01
2
$1,150,000
2021-03-31
LUSSY P DEVIVEROALVARO ORDONEZ

Tax Assessment History

$986,670
Assessed (2025)
$986,670
Market Value
$935,948
Taxable Value
$19,055
Annual Tax
2024
$979,270
2025
$986,670
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $986,670 $986,670 $935,948 $19,055
2024 $979,270 $979,270 $929,270 $18,919

About 5845 SW 88 ST, South Miami, FL 33156

5845 SW 88 ST, South Miami, FL 33156 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1950 with 3,450 square feet of living space on a 8,622 square foot lot. The property is currently owned by ALVARO ORDONEZ, 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 2021-03-31 for $1,150,000, when LUSSY P DEVIVERO sold to ALVARO ORDONEZ. The 2025 assessed value is $986,670 with a market value of $986,670. This breaks down to $646,650 for the land and $340,020 for the building.

The assessed value increased 1% from $979,270 in 2024. The property has the following tax exemptions: homestead. The median household income in this area is $103,814, and the median home value is $950,800.

The population density is 4,496 people per square mile. There are active mortgage liens totaling $833,005 recorded against this property. 5845 SW 88 ST, South Miami, FL 33156 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 1991 to 2021, with 2 recorded transactions in the public record. The current assessed value represents 86% of the most recent sale price.

Based on the most recent sale, this property traded at $333 per square foot — a key metric for comparing value across South Miami's real estate market..

Current Owner

ALVARO ORDONEZ
7741 SW 62ND AVE, SOUTH MIAMI, FL, 33143-4908
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$12,240 — $22,506
Flood $400 — $800
Property/Wind $11,840 — $21,706

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$103,814
Median Home Value$950,800
Pop. Density4,496/sq mi

Neighborhood 33156

53.3%
Owner-Occ
46.7%
Investor
201
Flips (4yr)
5,034
New Biz (3yr)
Distress Risk
MODERATE
38
View full risk analysis →

Mortgages

ACTIVE 2.49% rate
$930,000
~$833,005 bal.
FIRST HORIZON BANK · 2022-02-28
1 satisfied mortgage
SATISFIED 2021-05-05
$920,000
ARC HOME LOANS LLC
Est. Total Balance $833,005
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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