118 NE 116 ST, North Miami Beach, FL 33161
Parcel: 3021360252110 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$391,223
Property Details
Beds
3
Baths
2
Living Sqft
1,133
Year Built
1950
Lot Sqft
6,900
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
N/Anon-market transfer
2022-11-16
ALINA NIEVES EST OF → GABRIELLA ROLON
2
N/A
2022-11-17
3
$300,000
2023-01-25
GABRIELLA ROLON → DUAL PROPERTY INVESTMENTS INC
4
$300,000
2023-02-16
5
$520,000+73%
2023-06-02
DUAL PROPERTY INVESTMENTS INC → YANKO CASTRO
6
$520,000
2023-06-15
Tax Assessment History
$391,223
Assessed (2025)
$391,223
Market Value
$340,501
Taxable Value
$6,932
Annual Tax
2024
$387,019
2025
$391,223
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $391,223 | $391,223 | $340,501 | $6,932 | $289,800 | $101,423 |
| 2024 | $387,019 | $387,019 | $387,019 | $7,879 | $290,001 | $97,018 |
About 118 NE 116 ST, North Miami Beach, FL 33161
118 NE 116 ST, North Miami Beach, FL 33161 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1950 with 1,133 square feet of living space on a 6,900 square foot lot. The property is currently owned by YANKO CASTRO, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2023-06-15 for $520,000. There are 6 recorded sales for this property. The 2025 assessed value is $391,223 with a market value of $391,223.
This breaks down to $289,800 for the land and $101,423 for the building. The assessed value increased 1% from $387,019 in 2024. The property has the following tax exemptions: homestead.
The median household income in this area is $78,125, and the median home value is $428,900. The population density is 8,590 people per square mile. There are active mortgage liens totaling $40,629 recorded against this property.
This property currently has 1 open code violation on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close. 118 NE 116 ST, North Miami Beach, FL 33161 is located in North Miami Beach, Florida.
Property records, tax assessments, sales history, and ownership information for this North Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2022 to 2023, with 6 recorded transactions in the public record. The current assessed value represents 75% of the most recent sale price.
Based on the most recent sale, this property traded at $459 per square foot — a key metric for comparing value across North Miami Beach's real estate market..
Building Permits (3)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2025055355 | electrical | F | — | ||
| W2024044011 | building | F | — | ||
| C2024001859 | electrical | F | — |
Code Violations 1 open
20250239512 open
2025-06-20
Distress Signals
- 1 open code violation
Est. Annual Insurance
$5,094 — $9,406
Flood $400 — $800
Property/Wind $4,694 — $8,606
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$78,125
Median Home Value$428,900
Pop. Density8,590/sq mi
Neighborhood 33161
55.2%
Owner-Occ
44.8%
Investor
251
Flips (4yr)
4,232
New Biz (3yr)
Distress Risk
MODERATE
38
Mortgages
ACTIVE
$41,117
SECRETARY HOUSING URBAN DEVELOPMENT · 2025-06-17
2 satisfied mortgages
SATISFIED 2023-06-15
$510,581
OBSIDIAN FINANCIAL SERVICES INC
SATISFIED 2023-02-16
$297,075
CENTRAL FLORIDA INCOME FUND LLC
Est. Total Balance $40,629
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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