7435 SW 61 AVE, South Miami, FL 33143

7435 SW 61 AVE, South Miami, FL 33143 is a multifamily 10 units plus : multifamily 3 or more units built in 2022 with 42,116 square feet of living space on a 25,300 square foot lot. The property is currently owned by ECI SOMI 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 2018-08-31 for $1,800,000, when S MIAMI RETAIL BH LLC sold to ECI SOMI LLC. The property sold for $5,700,000 less than the prior sale of $7,500,000 on 2016-12-06. There are 3 recorded sales for this property.

The 2025 assessed value is $7,350,000 with a market value of $7,350,000. This breaks down to $1,644,500 for the land and $5,705,500 for the building. The assessed value decreased 0% from $7,368,900 in 2024.

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. 7435 SW 61 AVE, South Miami, FL 33143 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 2009 to 2018, with 3 recorded transactions in the public record. The current assessed value represents 408% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $43 per square foot — a key metric for comparing value across South Miami's real estate market..