5540 SW 85 ST, South Miami, FL 33143

Parcel: 3041310310500 · Residential - Single Family · 1 Unit · Zoning: 2100

Assessed Value (2025)
$1,148,975

Property Details

Beds
3
Baths
2.5
Living Sqft
1,629
Year Built
1958
Lot Sqft
15,180
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$915,000
2020-11-09
ROBT J O BRIEN &W JOYCEJASON FORWOOD

Tax Assessment History

$1,148,975
Assessed (2025)
$1,791,635
Market Value
$1,148,975
Taxable Value
$23,392
Annual Tax
2024
$1,044,523
$1,673,237
2025
$1,148,975
$1,791,635
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,148,975 $1,791,635 $1,148,975 $23,392
2024 $1,044,523 $1,673,237 $1,044,523 $21,266

About 5540 SW 85 ST, South Miami, FL 33143

5540 SW 85 ST, South Miami, FL 33143 is a 3-bedroom, 2.5-bathroom residential - single family : 1 unit built in 1958 with 1,629 square feet of living space on a 15,180 square foot lot. The property is currently owned by JASON FORWOOD KAROLINA FORWOOD, 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 2020-11-09 for $915,000, when ROBT J O BRIEN &W JOYCE sold to JASON FORWOOD. The 2025 assessed value is $1,148,975 with a market value of $1,791,635. This breaks down to $1,487,640 for the land and $303,995 for the building.

The assessed value increased 10% from $1,044,523 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.

5540 SW 85 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 current assessed value represents 126% 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 $562 per square foot — a key metric for comparing value across South Miami's real estate market..

Current Owner

JASON FORWOOD KAROLINA FORWOOD
5540 SW 85 ST, MIAMI, FL, 33143
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$14,187 — $26,077
Flood $400 — $800
Property/Wind $13,787 — $25,277

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
View full risk analysis →
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