7320 SW 47 AVE, South Miami, FL 33143

7320 SW 47 AVE, South Miami, FL 33143 is a 6-bedroom, 7.5-bathroom residential - single family : 1 unit built in 2024 with 7,527 square feet of living space on a 12,155 square foot lot. The property is currently owned by JOHN JOSEPH RAFTER, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2025-04-11 for $7,292,400. There are 5 recorded sales for this property. The 2025 assessed value is $5,301,103 with a market value of $5,319,740.

This breaks down to $1,580,150 for the land and $3,739,590 for the building. The assessed value increased 273% from $1,419,558 in 2024. This property is located in FEMA Flood Zone X, which indicates minimal flood risk.

Flood insurance is typically not required for properties in Zone X. The median household income in this area is $163,750, and the median home value is $1,138,600. The population density is 2,919 people per square mile.

There are active mortgage liens totaling $750,000 recorded against this property. 7320 SW 47 AVE, 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 2021 to 2025, with 5 recorded transactions in the public record. The current assessed value represents 73% of the most recent sale price. There is 1 active building permit on this property with a combined estimated cost of $3,825, indicating ongoing construction or renovation work.

Based on the most recent sale, this property traded at $969 per square foot — a key metric for comparing value across South Miami's real estate market..