228 NE 61 ST, Miami, FL 33137

Parcel: 0132180150150 · VACANT LAND - COMMERCIAL : VACANT LAND · Zoning: 6101

Assessed Value (2025)
$470,400

Sales History

1
$110,000
1995-10-01
2
$40,300-63%
1998-04-01
3
$15,000,000+37121%
2014-08-04
MAGIC CITY PROPERTIESMAGIC CITY PROPERTIES I LLC

Tax Assessment History

$470,400
Assessed (2025)
$470,400
Market Value
$470,400
Taxable Value
$9,577
Annual Tax
2024
$470,400
2025
$470,400
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $470,400 $470,400 $470,400 $9,577
2024 $470,400 $470,400 $470,400 $9,577

About 228 NE 61 ST, Miami, FL 33137

228 NE 61 ST, Miami, FL 33137 is a property. The property is currently owned by MAGIC CITY PROPERTIES I 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 2014-08-04 for $15,000,000, when MAGIC CITY PROPERTIES sold to MAGIC CITY PROPERTIES I LLC. The property has appreciated $14,959,700 (37121%) since the prior sale of $40,300 on 1998-04-01. There are 3 recorded sales for this property.

The 2025 assessed value is $470,400 with a market value of $470,400. 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 $35,271, and the median home value is $394,100. The population density is 11,799 people per square mile. 228 NE 61 ST, Miami, FL 33137 is located in Miami, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami property are available through Miami-Dade County public records. The complete ownership history of this property spans from 1995 to 2014, with 3 recorded transactions in the public record. The current assessed value represents 3% 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..

Current Owner

MAGIC CITY PROPERTIES I LLC
6161 NE 3 AVE SUITE 3, MIAMI, FL, 33137
Since: 2026-03-29
View owner profile →

People Behind This Entity

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$5,104 — $9,267
Flood $400 — $800
Property/Wind $4,704 — $8,467

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$35,271
Median Home Value$394,100
Pop. Density11,799/sq mi

Neighborhood 33137

44.6%
Corp-Owned
71.2%
Investor
430
Flips (4yr)
5
New Biz (3yr)
Distress Risk
MODERATE
32
View full risk analysis →
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