1255 NE 118 ST, North Miami Beach, FL 33161

Parcel: 3022320190050 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700

Assessed Value (2025)
$299,541

Property Details

Beds
4
Baths
2
Living Sqft
2,178
Year Built
1968
Lot Sqft
6,900
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS

Sales History

1
$135,000
2002-07-01
2
$179,000+33%
2004-07-01
3
$92,000-49%
2012-12-31
JERALD SELEVAN &WKATHERINE REYES

Tax Assessment History

$299,541
Assessed (2025)
$458,465
Market Value
$299,541
Taxable Value
$6,098
Annual Tax
2024
$272,310
$458,702
2025
$299,541
$458,465
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $299,541 $458,465 $299,541 $6,098
2024 $272,310 $458,702 $272,310 $5,544

About 1255 NE 118 ST, North Miami Beach, FL 33161

1255 NE 118 ST, North Miami Beach, FL 33161 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1968 with 2,178 square feet of living space on a 6,900 square foot lot. The property is currently owned by KATHERINE REYES JOAQUIN PRENDES, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2012-12-31 for $92,000, when JERALD SELEVAN &W sold to KATHERINE REYES. The property sold for $87,000 less than the prior sale of $179,000 on 2004-07-01. There are 3 recorded sales for this property.

The 2025 assessed value is $299,541 with a market value of $458,465. This breaks down to $282,900 for the land and $175,565 for the building. The assessed value increased 10% from $272,310 in 2024.

The median household income in this area is $75,434, and the median home value is $-666,666,666. The population density is 15,606 people per square mile. There are active mortgage liens totaling $5,312 recorded against this property.

1255 NE 118 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 2002 to 2012, with 3 recorded transactions in the public record.

The current assessed value represents 326% 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 $42 per square foot — a key metric for comparing value across North Miami Beach's real estate market..

Current Owner

KATHERINE REYES JOAQUIN PRENDES
12367 SW 123 COURT, MIAMI, FL, 33186
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$3,994 — $7,389
Flood $400 — $800
Property/Wind $3,594 — $6,589

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$75,434
Median Home Value$-666,666,666
Pop. Density15,606/sq mi

Neighborhood 33161

55.2%
Owner-Occ
44.8%
Investor
251
Flips (4yr)
4,232
New Biz (3yr)
Distress Risk
MODERATE
38
View full risk analysis →

Mortgages

ACTIVE
$6,134
~$5,312 bal.
SECRETARY HOUSING URBAN DEVELOPMENT · 2020-09-01
Est. Total Balance $5,312
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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