7400 SW 56 TER, South Miami, FL 33143
Parcel: 3040260190040 · Residential - Single Family · 1 Unit · Zoning: 2100
Assessed Value (2025)
$1,321,594
Property Details
Beds
4
Baths
3
Living Sqft
2,357
Year Built
1956
Lot Sqft
15,000
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$155,000
1990-06-01
2
$860,000+455%
2022-09-29
DORA ALCOCER DE DIAZ → JULIETA SUAREZ LEPRE
3
$860,000
2022-10-07
4
$1,720,000+100%
2023-10-26
JULIETA SUAREZ LEPRE → EDUARDO ENRIQUE ICAZA
5
$1,720,000
2023-11-14
Tax Assessment History
$1,321,594
Assessed (2025)
$1,397,088
Market Value
$1,270,872
Taxable Value
$25,874
Annual Tax
2024
$1,284,348
2025
$1,321,594
$1,397,088
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $1,321,594 | $1,397,088 | $1,270,872 | $25,874 | $720,000 | $677,088 |
| 2024 | $1,284,348 | $1,284,348 | $1,234,348 | $25,130 | $600,000 | $684,348 |
About 7400 SW 56 TER, South Miami, FL 33143
7400 SW 56 TER, South Miami, FL 33143 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1956 with 2,357 square feet of living space on a 15,000 square foot lot. The property is currently owned by EDUARDO ENRIQUE ICAZA MARIANA DE MICHELE, 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 2023-11-14 for $1,720,000. There are 5 recorded sales for this property. The 2025 assessed value is $1,321,594 with a market value of $1,397,088.
This breaks down to $720,000 for the land and $677,088 for the building. The assessed value increased 3% from $1,284,348 in 2024. The property has the following tax exemptions: homestead.
The median household income in this area is $137,875, and the median home value is $750,000. The population density is 1,886 people per square mile. There are active mortgage liens totaling $1,251,633 recorded against this property.
7400 SW 56 TER, 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 1990 to 2023, with 5 recorded transactions in the public record.
The current assessed value represents 77% of the most recent sale price. Based on the most recent sale, this property traded at $730 per square foot — a key metric for comparing value across South Miami's real estate market..
Building Permits (6)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2026038271 | electrical | F | — | ||
| C2026006061 | electrical | F | — | ||
| C2024174414 | building | F | $9,000 | ||
| C2023105605 | electrical | F | — | ||
| C2023068327 | building | F | $20,850 | ||
| W2023104937 | plumbing | F | — |
Current Owner
EDUARDO ENRIQUE ICAZA MARIANA DE MICHELE
7400 SW 56 TER, MIAMI, FL, 33143
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$16,259 — $29,875
Flood $400 — $800
Property/Wind $15,859 — $29,075
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$137,875
Median Home Value$750,000
Pop. Density1,886/sq mi
Neighborhood 33143
46.7%
Owner-Occ
53.3%
Investor
206
Flips (4yr)
5,250
New Biz (3yr)
Distress Risk
MODERATE
39
Mortgages
ACTIVE 6.625% rate
$1,290,000
THE HUNTINGTON NATIONAL BANK · 2023-11-14
1 satisfied mortgage
SATISFIED 2022-10-07
$645,000
LOANDEPOT.COM LLC
Est. Total Balance $1,251,633
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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