7482 FISHER ISLAND DR, Miami-Dade County, FL 33109

7482 FISHER ISLAND DR, Miami-Dade County, FL 33109 is a 5-bedroom, 6.5-bathroom residential - total value : condominium - residential built in 2002 with 4,932 square feet of living space. The property is currently owned by JAMES L FERRARO, 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 2002-10-01 for $3,500,000. The 2025 assessed value is $6,623,588 with a market value of $10,288,933. The assessed value increased 10% from $6,021,444 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. There are active mortgage liens totaling $5,485,173 recorded against this property. The current assessed value represents 189% 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 $710 per square foot — a key metric for comparing value across the area's real estate market..