8950 NE 8 AVE 405, Miami-Dade County, FL 33138

8950 NE 8 AVE 405, Miami-Dade County, FL 33138 is a 2-bedroom, 1-bathroom residential - total value : condominium - residential built in 1974 with 914 square feet of living space. The property is currently owned by RUCHT MARIA D OLEO JULIA ISABEL DE OLEO, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2015-10-01 for $125,000, when ELFIN GROUP LLC sold to RUCHT MARIA D OLEO. The property has appreciated $75,000 (150%) since the prior sale of $50,000 on 2012-01-26. There are 3 recorded sales for this property.

The 2025 assessed value is $188,668 with a market value of $198,881. The assessed value increased 10% from $171,517 in 2024. The median household income in this area is $109,792, and the median home value is $688,300.

The population density is 6,583 people per square mile. The complete ownership history of this property spans from 2006 to 2015, with 3 recorded transactions in the public record. The current assessed value represents 151% 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 $137 per square foot — a key metric for comparing value across the area's real estate market..