40206 FISHER ISLAND DR 40206, Miami-Dade County, FL 33109

40206 FISHER ISLAND DR 40206, Miami-Dade County, FL 33109 is a 1-bedroom, 2-bathroom residential - total value : condominium - residential built in 1988 with 893 square feet of living space. The property is currently owned by LUXE LIVING REALTY 3 LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2023-11-07 for $2,000,000. There are 4 recorded sales for this property. The 2025 assessed value is $1,156,447 with a market value of $1,156,447.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $87,115, and the median home value is $2,000,001.

The population density is 7,330 people per square mile. The complete ownership history of this property spans from 2015 to 2023, with 4 recorded transactions in the public record. The current assessed value represents 58% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $2240 per square foot — a key metric for comparing value across the area's real estate market..