7985 SW 86 ST 428, South Miami, FL 33143

Parcel: 3040340230680 · Residential · Condominium - Residential · Zoning: 3800

Assessed Value (2025)
$211,123

Property Details

Beds
1
Baths
1
Living Sqft
833
Year Built
1975
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$1,100
2013-11-20
JEANNIE MORENOJPMORGAN CHASE BANK N A
2
$100non-market transfer
2014-01-27
JPMORGAN CHASE BANK N AFEDERAL HOME LOAN MORTGAGE CORP
3
$115,000
2014-05-06
FEDERAL HOME LOAN MORTGAGE CORPHARRY R VARELA

Tax Assessment History

$211,123
Assessed (2025)
$231,500
Market Value
$211,123
Taxable Value
$4,298
Annual Tax
2024
$191,930
$231,500
2025
$211,123
$231,500
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $211,123 $231,500 $211,123 $4,298
2024 $191,930 $231,500 $191,930 $3,908

About 7985 SW 86 ST 428, South Miami, FL 33143

7985 SW 86 ST 428, South Miami, FL 33143 is a 1-bedroom, 1-bathroom residential - total value : condominium - residential built in 1975 with 833 square feet of living space. The property is currently owned by HARRY R VARELA, 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 2014-05-06 for $115,000, when FEDERAL HOME LOAN MORTGAGE CORP sold to HARRY R VARELA. The property has appreciated $114,900 (114900%) since the prior sale of $100 on 2014-01-27. There are 3 recorded sales for this property.

The 2025 assessed value is $211,123 with a market value of $231,500. The assessed value increased 10% from $191,930 in 2024. The median household income in this area is $150,809, and the median home value is $814,900.

The population density is 3,263 people per square mile. 7985 SW 86 ST 428, 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 2013 to 2014, with 3 recorded transactions in the public record. The current assessed value represents 184% 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 $138 per square foot — a key metric for comparing value across South Miami's real estate market..

Current Owner

HARRY R VARELA
11436 SW 74TH TER, MIAMI, FL, 33173-2616
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$2,511 — $4,600
Flood $400 — $800
Property/Wind $2,111 — $3,800

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$150,809
Median Home Value$814,900
Pop. Density3,263/sq mi

Neighborhood 33143

46.7%
Owner-Occ
53.3%
Investor
206
Flips (4yr)
5,250
New Biz (3yr)
Distress Risk
MODERATE
39
View full risk analysis →
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