5781 SW 59 ST, South Miami, FL 33143
Parcel: 3040250330080 · Multifamily 10 Units Plus · Multifamily 3 Or More Units · Zoning: 5700
Assessed Value (2025)
$7,940,494
Property Details
Beds
84
Baths
93
Living Sqft
41,386
Year Built
2023
Lot Sqft
48,300
Stories
2
MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS
Sales History
1
N/Anon-market transfer
2009-12-30
BLUE CLOISTERS INC → BLUE CLOISTERS LLC
2
$6,000,000
2019-03-15
BLUE CLOISTERS LLC → 5830 SW 57TH AVE LLC
3
$23,343,600+289%
2021-12-09
5830 SW 57TH AVE LLC → LMP MIAMI PROPERTY OWNER LLC
Tax Assessment History
$7,940,494
Assessed (2025)
$10,500,000
Market Value
$7,940,494
Taxable Value
$161,662
Annual Tax
2024
$7,218,631
2025
$7,940,494
$10,500,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $7,940,494 | $10,500,000 | $7,940,494 | $161,662 | $2,898,000 | $7,602,000 |
| 2024 | $7,218,631 | $7,218,631 | $7,218,631 | $146,966 | $2,415,000 | $4,803,631 |
About 5781 SW 59 ST, South Miami, FL 33143
5781 SW 59 ST, South Miami, FL 33143 is a 84-bedroom, 93-bathroom multifamily 10 units plus : multifamily 3 or more units built in 2023 with 41,386 square feet of living space on a 48,300 square foot lot. The property is currently owned by LMP MIAMI PROPERTY OWNER LLC C/O ALTUS GROUP, 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 2021-12-09 for $23,343,600, when 5830 SW 57TH AVE LLC sold to LMP MIAMI PROPERTY OWNER LLC. The property has appreciated $17,343,600 (289%) since the prior sale of $6,000,000 on 2019-03-15. There are 3 recorded sales for this property.
The 2025 assessed value is $7,940,494 with a market value of $10,500,000. This breaks down to $2,898,000 for the land and $7,602,000 for the building. The assessed value increased 10% from $7,218,631 in 2024.
The median household income in this area is $35,481, and the median home value is $466,900. The population density is 6,973 people per square mile. 5781 SW 59 ST, South Miami, FL 33143 is located in South Miami, Florida.
Property records, tax assessments, sales history, and ownership information for this South Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2009 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 34% of the most recent sale price.
This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $564 per square foot — a key metric for comparing value across South Miami's real estate market..
Building Permits (15)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2023137736 | electrical | F | — | ||
| C2023129345 | plumbing | F | — | ||
| C2023129337 | plumbing | F | — | ||
| C2023129316 | plumbing | F | — | ||
| C2023129320 | plumbing | F | — | ||
| C2023129313 | plumbing | F | — | ||
| C2023129327 | plumbing | F | — | ||
| C2023127310 | electrical | F | — | ||
| W2023114059 | electrical | F | — | ||
| W2023085605 | electrical | F | — | ||
| W2023085568 | electrical | F | — | ||
| W2023085530 | electrical | F | — | ||
| W2023085582 | electrical | F | — | ||
| W2023085594 | electrical | F | — | ||
| C2023079723 | building | F | — |
Current Owner
LMP MIAMI PROPERTY OWNER LLC C/O ALTUS GROUP
PO BOX 130339, CARLSBAD, CA, 92013
Since: 2026-04-19
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Est. Annual Insurance
$48,042 — $80,204
Flood $400 — $800
Property/Wind $47,642 — $79,404
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$35,481
Median Home Value$466,900
Pop. Density6,973/sq mi
Neighborhood 33143
46.7%
Owner-Occ
53.3%
Investor
206
Flips (4yr)
5,250
New Biz (3yr)
Distress Risk
MODERATE
39
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