40207 FISHER ISLAND DR 40207, Miami-Dade County, FL 33109

40207 FISHER ISLAND DR 40207, Miami-Dade County, FL 33109 is a residential - total value : condominium - residential built in 1988 with 517 square feet of living space. The property is currently owned by ALM FLORIDA PROPERTY II INC, 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 2012-01-03 for $150,000, when JOSEPH MARTUSCELLO &W CAROLINE & sold to ALM FLORIDA PROPERTY II INC. The property has appreciated $5,000 (3%) since the prior sale of $145,000 on 1997-01-01. There are 3 recorded sales for this property.

The 2025 assessed value is $393,256 with a market value of $879,934. The assessed value increased 10% from $357,506 in 2024. 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 1988 to 2012, with 3 recorded transactions in the public record. The current assessed value represents 262% 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 $290 per square foot — a key metric for comparing value across the area's real estate market..