7400 SW 53 PL, South Miami, FL 33143

7400 SW 53 PL, South Miami, FL 33143 is a 3-bedroom, 1-bathroom residential - single family : 1 unit built in 1950 with 1,755 square feet of living space on a 12,500 square foot lot. The property is currently owned by BENEDICT L MELENDEZ & PATRICIA B MELENDEZ, 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 1996-12-01 for $220,000. The 2025 assessed value is $376,160 with a market value of $1,891,664. This breaks down to $1,625,000 for the land and $266,664 for the building.

The assessed value increased 3% from $365,559 in 2024. The property has the following tax exemptions: homestead. 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.

7400 SW 53 PL, 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 current assessed value represents 171% 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 $125 per square foot — a key metric for comparing value across South Miami's real estate market..