7955 SW 86 ST 502, South Miami, FL 33143

Parcel: 3040340230740 · Residential · Condominium - Residential · Zoning: 3800

Assessed Value (2025)
$258,413

Property Details

Beds
2
Baths
2
Living Sqft
1,042
Year Built
1975
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$92,000
2001-04-01
2
$190,000+107%
2004-02-01
3
$145,000-24%
2013-03-04
ELENA FORSKINGS CREEK 502 LLC

Tax Assessment History

$258,413
Assessed (2025)
$280,500
Market Value
$258,413
Taxable Value
$5,261
Annual Tax
2024
$234,921
$280,500
2025
$258,413
$280,500
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $258,413 $280,500 $258,413 $5,261
2024 $234,921 $280,500 $234,921 $4,783

About 7955 SW 86 ST 502, South Miami, FL 33143

7955 SW 86 ST 502, South Miami, FL 33143 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1975 with 1,042 square feet of living space. The property is currently owned by KINGS CREEK 502 LLC, 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 2013-03-04 for $145,000, when ELENA FORS sold to KINGS CREEK 502 LLC. The property sold for $45,000 less than the prior sale of $190,000 on 2004-02-01. There are 3 recorded sales for this property.

The 2025 assessed value is $258,413 with a market value of $280,500. The assessed value increased 10% from $234,921 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. 7955 SW 86 ST 502, 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 2001 to 2013, with 3 recorded transactions in the public record. The current assessed value represents 178% 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 $139 per square foot — a key metric for comparing value across South Miami's real estate market..

Current Owner

KINGS CREEK 502 LLC
PO BOX 431521, SOUTH MIAMI, FL, 33243-1521
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$2,984 — $5,451
Flood $400 — $800
Property/Wind $2,584 — $4,651

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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