7964 FISHER ISLAND DR 7964, Miami-Dade County, FL 33109

Parcel: 3042100070240 · Residential · Condominium - Residential · Zoning: 5000

Assessed Value (2025)
$8,956,698

Property Details

Beds
3
Baths
5.5
Living Sqft
6,820
Year Built
1989
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$4,750,000
1999-07-01
2
$8,200,000+73%
2013-07-31
FISHER ISLAND CO LLCFISHER ISLAND INVESTMENT FD I LLC
3
$20,500,000+150%
2025-04-07
FISHER ISLAND INVESTMENT FD I LLCJOSEPH P FARO TRS
4
$20,500,000
2025-04-21

Tax Assessment History

$8,956,698
Assessed (2025)
$14,115,379
Market Value
$8,956,698
Taxable Value
$182,351
Annual Tax
2024
$8,142,453
$12,920,256
2025
$8,956,698
$14,115,379
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $8,956,698 $14,115,379 $8,956,698 $182,351
2024 $8,142,453 $12,920,256 $8,142,453 $165,774

About 7964 FISHER ISLAND DR 7964, Miami-Dade County, FL 33109

7964 FISHER ISLAND DR 7964, Miami-Dade County, FL 33109 is a 3-bedroom, 5.5-bathroom residential - total value : condominium - residential built in 1989 with 6,820 square feet of living space. The property is currently owned by JOSEPH P FARO TRS THE J&S FLORIDA REALTY TR, 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 2025-04-21 for $20,500,000. There are 4 recorded sales for this property. The 2025 assessed value is $8,956,698 with a market value of $14,115,379.

The assessed value increased 10% from $8,142,453 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. There are active mortgage liens totaling $9,855,525 recorded against this property.

The complete ownership history of this property spans from 1999 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 44% 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 $3006 per square foot — a key metric for comparing value across the area's real estate market..

Current Owner

JOSEPH P FARO TRS THE J&S FLORIDA REALTY TR
7964 FISHER ISLAND DR, MIAMI, FL, 33109
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$89,966 — $162,020
Flood $400 — $800
Property/Wind $89,566 — $161,220

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$87,115
Median Home Value$2,000,001
Pop. Density7,330/sq mi

Neighborhood 33109

18.5%
Owner-Occ
81.5%
Investor
33
Flips (4yr)
195
New Biz (3yr)
Distress Risk
MODERATE
36
View full risk analysis →

Mortgages

ACTIVE 5.95% rate
$9,999,999
~$9,855,525 bal.
MORGAN STANLEY PRIVATE BANK NA · 2025-04-21
Est. Total Balance $9,855,525
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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