40116 FISHER ISLAND DR 40116, Miami-Dade County, FL 33109

40116 FISHER ISLAND DR 40116, Miami-Dade County, FL 33109 is a residential - total value : condominium - residential built in 1985 with 131 square feet of living space. The property is currently owned by FISHER ISLAND CLUB 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 1993-06-01 for $799,800. The 2025 assessed value is $8,000 with a market value of $8,000. 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 current assessed value represents 1% 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 $6105 per square foot — a key metric for comparing value across the area's real estate market..