Miami-Dade County  »  7420 Ocean Ter

7420 Ocean Terrace, Miami Beach, FL 33141 - Property report

Also known as: 7420 Ocean Ter

Property image for 7420 Ocean Terrace, Miami Beach, FL 33141
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Property type

Vacant Land - Commercial: Vacant Land (1081)

Acreage

0.172

Sale price

$1

General information

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Address
Primary address
7420 Ocean Terrace
ZIP code
33141
County
Miami-Dade
Municipality
02
Neighborhood
023202003
Parcel ID
0232020030040
Qualifier

Owner

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Sales
Sale date
12/10/2019
Sale price
$1
Arm's length
Tax
Tax year
2025
Current property tax
$89,360
Building
Property type
Vacant Land - Commercial: Vacant Land (1081)
Lot
Acreage
0.172
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
49 /100.  Some Transit
Bike score
75 /100.  Very Bikeable
School district
Miami-Dade County Public Schools
Broadband internet providers and speed map
Types of broadband connections

Ownership information for 7420 Ocean Terrace, Miami Beach, FL

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 7420 Ocean Terrace, Miami Beach, FL 33141

Title documents

Date Type Amount Party 1 Party 2 Doc #
02/21/2025 - D
02/21/2025 - R
Mortgage XXXX XXXXX XXXXXXX XXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
08/01/2022 - D
08/01/2022 - R
Release XXXXX XXXXX XXXX XX
11/10/2020 - R
11/05/2020 - D
Notice of Commencement XXXX XXXXX XXXXXXX XXXXXXXXXX XXX
12/10/2019 - D
12/10/2019 - R
Quit Claim Deed XXXX XXXXX XXXXXXX XXX XXX XXXXXXXXXXX XXX
12/10/2019 - D
12/10/2019 - R
Quit Claim Deed XXXXX XXXXX XXXX XX XXXXX XXXXX XXXXXXX XXX
08/15/2002 - R Warranty Deed XXXXXX, XXXXX X XXXXX XXXXXXXX XXX
10/20/1997 - R Notice of Commencement XXXXXXX, XXXXXXX
09/18/1997 - R Deed XX XXXX, XXXXXXXX X XXX XX XXXXXX, XXXXX X XX XX
11/03/1992 - R Notice of Commencement XXXXXXX, XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 7420 Ocean Terrace, Miami Beach, FL

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025
Property tax
$89,360
Recent tax assessments
Market value
$9,112,500
Land value
$9,112,500
Assessed value
$2,384,472

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $9,112,500 $2,384,472 18.7601 $89,360 -8.56%
2024 $10,800,000 $2,167,702 18.7913 $97,724 +127.11%
2023 $2,835,000 $1,970,639 18.8967 $43,029 +8.53%
2022 $2,700,000 $1,791,490 18.7893 $39,647 +1.78%
2021 $2,700,000 $1,628,628 19.3081 $38,955 -36.32%
2020 $3,160,000 $3,097,250 19.3596 $61,176 -0.10%
2019 $3,160,000 $3,160,000 19.3785 $61,236 +3.05%
2018 $3,160,000 $3,160,000 18.8042 $59,421 -0.97%
2017 $3,151,000 $3,119,600 19.043 $60,004 -1.96%
2016 $3,151,000 $3,151,000 19.4244 $61,206 -2.24%

Permit information for 7420 Ocean Terrace, Miami Beach, FL

No recently recorded permits for this property.

Miami Beach residential market stats

Access a detailed real estate market overview of Miami Beach so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Miami Beach and compare it to other neighborhoods in Miami-Dade.

Median sale price

$620,000

7.9% Y-o-Y

Median price/sq. ft.

$622

-4.5% Y-o-Y

Miami-Dade county median sale price

$520,000

Check out recently sold homes in Miami Beach and see how their prices compare.

Demographics by ZIP code

Total population
36,438
Median age
45.4
Average household income
$103,794
Family households
50.3%
People per household (average)
2.14
Occupied housing units
16,872
Owner-occupied units
37.5%
Median year structure built
1972
Median value mortgaged units
$412,000
Median value unmortgaged units
$476,500

Risk

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FEMA flood zones

FEMA flood zones
X

Transportation

Daily traffic map

Access the detailed traffic volume map for 7420 Ocean Terrace, Miami Beach, FL 33141 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Frequently asked questions

What is the market value of 7420 Ocean Terrace, Miami Beach, FL 33141?

The current market value of 7420 Ocean Terrace, Miami Beach, FL 33141 is $9,112,500.

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