5991 SW 88 ST, South Miami, FL 33156

Parcel: 0940360650020 · Residential - Single Family · 1 Unit · Zoning: 0800

Assessed Value (2025)
$617,249

Property Details

Beds
4
Baths
3
Living Sqft
3,033
Year Built
1977
Lot Sqft
15,520
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$260,000
1991-10-01
2
$285,000+10%
1999-03-01
3
N/Anon-market transfer
2004-03-01

Tax Assessment History

$617,249
Assessed (2025)
$1,699,828
Market Value
$566,527
Taxable Value
$11,534
Annual Tax
2024
$599,854
$1,414,753
2025
$617,249
$1,699,828
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $617,249 $1,699,828 $566,527 $11,534
2024 $599,854 $1,414,753 $549,854 $11,195

About 5991 SW 88 ST, South Miami, FL 33156

5991 SW 88 ST, South Miami, FL 33156 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1977 with 3,033 square feet of living space on a 15,520 square foot lot. The property is currently owned by FAUSTO ALVAREZ JR TRS FAUSTO (JR) & BEATRIZ ALVAREZ BEN, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

There are 3 recorded sales for this property. The 2025 assessed value is $617,249 with a market value of $1,699,828. This breaks down to $1,164,000 for the land and $535,828 for the building.

The assessed value increased 3% from $599,854 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 $359,861 recorded against this property. 5991 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 2004, with 3 recorded transactions in the public record..

Current Owner

FAUSTO ALVAREZ JR TRS FAUSTO (JR) & BEATRIZ ALVAREZ BEN
5991 SW 88 ST, MIAMI, FL, 33156-2067
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$6,572 — $11,910
Flood $400 — $800
Property/Wind $6,172 — $11,110

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
$511,000
~$359,861 bal.
WELLS FARGO BANK NA · 2020-04-30
Est. Total Balance $359,861
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales