1506 NE 118 ST, North Miami Beach, FL 33161

Parcel: 3022320200181 · Residential - Single Family · 1 Unit · Zoning: 5700

Assessed Value (2025)
$205,169

Property Details

Beds
2
Baths
1
Living Sqft
789
Year Built
1937
Lot Sqft
7,200
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$146,000
2018-12-28
UNITED CAPITAL POINT LLCMAJESTICAL PROPERTIES LLC
2
$138,000-5%
2019-01-08
SEC OF HOUSING AND URBAN DEVUNITED CAPITAL POINT LLC
3
$253,000+83%
2019-11-04
MAJESTICAL PROPERTIES LLCMANUEL CRUZ

Tax Assessment History

$205,169
Assessed (2025)
$354,210
Market Value
$154,447
Taxable Value
$3,144
Annual Tax
2024
$199,387
$354,415
2025
$205,169
$354,210
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $205,169 $354,210 $154,447 $3,144
2024 $199,387 $354,415 $149,387 $3,041

About 1506 NE 118 ST, North Miami Beach, FL 33161

1506 NE 118 ST, North Miami Beach, FL 33161 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1937 with 789 square feet of living space on a 7,200 square foot lot. The property is currently owned by MANUEL CRUZ, 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 2019-11-04 for $253,000, when MAJESTICAL PROPERTIES LLC sold to MANUEL CRUZ. The property has appreciated $115,000 (83%) since the prior sale of $138,000 on 2019-01-08. There are 3 recorded sales for this property.

The 2025 assessed value is $205,169 with a market value of $354,210. This breaks down to $295,200 for the land and $59,010 for the building. The assessed value increased 3% from $199,387 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $61,860, and the median home value is $401,200. The population density is 11,605 people per square mile.

There are active mortgage liens totaling $236,282 recorded against this property. 1506 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 2018 to 2019, with 3 recorded transactions in the public record. The current assessed value represents 81% of the most recent sale price. Based on the most recent sale, this property traded at $321 per square foot — a key metric for comparing value across North Miami Beach's real estate market..

Current Owner

MANUEL CRUZ
1506 NE 118 ST, MIAMI, FL, 33161
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$2,862 — $5,313
Flood $400 — $800
Property/Wind $2,462 — $4,513

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$61,860
Median Home Value$401,200
Pop. Density11,605/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
$250,600
~$236,282 bal.
LOANDEPOT.COM LLC · 2021-08-03
Est. Total Balance $236,282
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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