5050 SW 83 ST, South Miami, FL 33143

5050 SW 83 ST, South Miami, FL 33143 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1959 with 3,141 square feet of living space on a 55,757 square foot lot. The property is currently owned by RANDALL L HILL &W KIMBERLY C, 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 1997-11-01 for $550,000. The property has appreciated $358,333 (187%) since the prior sale of $191,667 on 1979-09-01. The 2025 assessed value is $949,943 with a market value of $5,939,173.

This breaks down to $5,436,308 for the land and $502,865 for the building. The assessed value increased 3% from $923,172 in 2024. The property has the following tax exemptions: homestead.

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. 5050 SW 83 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 1979 to 1997, with 2 recorded transactions in the public record. The current assessed value represents 173% 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 $175 per square foot — a key metric for comparing value across South Miami's real estate market..