5111 FISHER ISLAND DR 5111, Miami-Dade County, FL 33109

5111 FISHER ISLAND DR 5111, Miami-Dade County, FL 33109 is a 4-bedroom, 4.5-bathroom residential - total value : condominium - residential built in 2004 with 4,540 square feet of living space. The property is currently owned by PETER DRUT &W NELLYA DRUT, 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 2004-11-01 for $2,300,000. The 2025 assessed value is $3,508,876 with a market value of $7,574,598. The assessed value increased 3% from $3,409,987 in 2024.

The property has the following tax exemptions: homestead. 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 153% 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 $507 per square foot — a key metric for comparing value across the area's real estate market..