1559 NE 118 TER, North Miami Beach, FL 33161
Parcel: 3022320200670 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700
Assessed Value (2025)
$555,142
Property Details
Beds
4
Baths
2
Living Sqft
1,618
Year Built
1954
Lot Sqft
10,320
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Sales History
1
$81,500
1985-04-01
2
$410,000+403%
2022-07-14
DIANE L BARTON → BJP INVESTMENTS 2 INC
3
$410,000
2022-07-18
4
$590,000+44%
2024-01-23
BJP INVESTMENTS 2 INC → HOME FOR LESS LLC
5
$590,000
2024-04-09
Tax Assessment History
$555,142
Assessed (2025)
$555,142
Market Value
$555,142
Taxable Value
$11,302
Annual Tax
2024
$563,727
2025
$555,142
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $555,142 | $555,142 | $555,142 | $11,302 | $423,120 | $132,022 |
| 2024 | $563,727 | $563,727 | $563,727 | $11,477 | $423,274 | $140,453 |
About 1559 NE 118 TER, North Miami Beach, FL 33161
1559 NE 118 TER, North Miami Beach, FL 33161 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1954 with 1,618 square feet of living space on a 10,320 square foot lot. The property is currently owned by HOME FOR LESS 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 2024-04-09 for $590,000. There are 5 recorded sales for this property. The 2025 assessed value is $555,142 with a market value of $555,142.
This breaks down to $423,120 for the land and $132,022 for the building. The assessed value decreased 2% from $563,727 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 $432,212 recorded against this property. 1559 NE 118 TER, 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 1985 to 2024, with 5 recorded transactions in the public record. The current assessed value represents 94% of the most recent sale price.
Based on the most recent sale, this property traded at $365 per square foot — a key metric for comparing value across North Miami Beach's real estate market..
Current Owner
HOME FOR LESS LLC
2179 NE 122 ST, NORTH MIAMI, FL, 33181
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$7,061 — $13,013
Flood $400 — $800
Property/Wind $6,661 — $12,213
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
Mortgages
ACTIVE
$442,500
AMWEST FUNDING CORP · 2024-04-09
1 satisfied mortgage
SATISFIED 2022-07-18
$310,000
EDART ENTERPRISES LLC
Est. Total Balance $432,212
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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