1331 NE 118 ST, North Miami Beach, FL 33161

Parcel: 3022320490060 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700

Assessed Value (2025)
$341,662

Property Details

Beds
3
Baths
2
Living Sqft
2,331
Year Built
1967
Lot Sqft
7,500
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS

Sales History

1
$345,000
2006-10-01
2
$65,600-81%
2010-07-22
BASELAIS CYBRINDEUTSCHE BANK NATL TRUST CO TRS
3
$58,410-11%
2011-03-22
DEUTSCHE BANK NATL TRUST CO TRSHECTOR J CRUZ

Tax Assessment History

$341,662
Assessed (2025)
$505,932
Market Value
$341,662
Taxable Value
$6,956
Annual Tax
2024
$310,602
$505,791
2025
$341,662
$505,932
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $341,662 $505,932 $341,662 $6,956
2024 $310,602 $505,791 $310,602 $6,324

About 1331 NE 118 ST, North Miami Beach, FL 33161

1331 NE 118 ST, North Miami Beach, FL 33161 is a 3-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1967 with 2,331 square feet of living space on a 7,500 square foot lot. The property is currently owned by HECTOR J CRUZ, 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 2011-03-22 for $58,410, when DEUTSCHE BANK NATL TRUST CO TRS sold to HECTOR J CRUZ. The property sold for $7,190 less than the prior sale of $65,600 on 2010-07-22. There are 3 recorded sales for this property.

The 2025 assessed value is $341,662 with a market value of $505,932. This breaks down to $307,500 for the land and $198,432 for the building. The assessed value increased 10% from $310,602 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. 1331 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 2006 to 2011, with 3 recorded transactions in the public record. The current assessed value represents 585% 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 $25 per square foot — a key metric for comparing value across North Miami Beach's real estate market..

Current Owner

HECTOR J CRUZ
628 SANTANDER AVE APT #1, CORAL GABLES, FL, 33134
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$4,499 — $8,316
Flood $400 — $800
Property/Wind $4,099 — $7,516

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 →
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