5500 SW 74 ST, South Miami, FL 33143
Parcel: 3041310190920 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$3,617,534
Property Details
Beds
4
Baths
4
Living Sqft
4,500
Year Built
2023
Lot Sqft
11,875
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$950,000
2021-02-25
MOCCA CONSTRUCTION 5500 LLC → THERMAL PINES 5500 LL
2
$4,600,000+384%
2023-09-05
THERMAL PINES 5500 LL → MICHAEL WELCH
3
$4,600,000
2023-09-14
4
$100non-market transfer
2023-12-19
MICHAEL WELCH → MICHAEL ARTHUR WELCH LE
5
N/A
2023-12-26
Tax Assessment History
$3,617,534
Assessed (2025)
$3,617,534
Market Value
$3,617,534
Taxable Value
$73,650
Annual Tax
2024
$3,530,287
2025
$3,617,534
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $3,617,534 | $3,617,534 | $3,617,534 | $73,650 | $1,543,750 | $2,073,784 |
| 2024 | $3,530,287 | $3,530,287 | $3,530,287 | $71,874 | $1,435,581 | $2,094,706 |
About 5500 SW 74 ST, South Miami, FL 33143
5500 SW 74 ST, South Miami, FL 33143 is a 4-bedroom, 4-bathroom residential - single family : 1 unit built in 2023 with 4,500 square feet of living space on a 11,875 square foot lot. The property is currently owned by MICHAEL ARTHUR WELCH LE VICTORIA MARY WELCH LE, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
There are 5 recorded sales for this property. The 2025 assessed value is $3,617,534 with a market value of $3,617,534. This breaks down to $1,543,750 for the land and $2,073,784 for the building.
The assessed value increased 2% from $3,530,287 in 2024. 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 $1,865,000 recorded against this property. 5500 SW 74 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 2021 to 2023, with 5 recorded transactions in the public record. There is 1 active building permit on this property, indicating ongoing construction or renovation work..
Building Permits (4)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2026032800 | electrical | F | — | ||
| C2026030958 | mechanical | F | — | ||
| C2026024425 | plumbing | A | — | ||
| C2024136536 | building | F | $49,800 |
Current Owner
MICHAEL ARTHUR WELCH LE VICTORIA MARY WELCH LE
5500 SW 74 ST, MIAMI, FL, 33143
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$22,105 — $36,975
Flood $400 — $800
Property/Wind $21,705 — $36,175
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$163,750
Median Home Value$1,138,600
Pop. Density2,919/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
$1,865,000
0 PROFESSIONAL BANK · 2021-07-09
Est. Total Balance $1,865,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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