5031 FISHER ISLAND DR 5031/32, Miami-Dade County, FL 33109

5031 FISHER ISLAND DR 5031/32, Miami-Dade County, FL 33109 is a 3-bedroom, 4.5-bathroom residential - total value : condominium - residential built in 2004 with 6,830 square feet of living space. The property is currently owned by ALM FLORIDA PROPERTY 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 2008-12-12 for $5,600,000, when NIHONSWI AG sold to GAZIN HOLDINGS INC. The property has appreciated $1,835,300 (49%) since the prior sale of $3,764,700 on 2001-08-01. The 2025 assessed value is $8,422,088 with a market value of $9,051,956.

The assessed value increased 10% from $7,656,444 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 2001 to 2008, with 2 recorded transactions in the public record.

The current assessed value represents 150% 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 $820 per square foot — a key metric for comparing value across the area's real estate market..