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40 Island Avenue, Miami Beach, FL 33139 Property Information

40 Island Avenue, Miami Beach, FL 33139 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Neighborhood
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40 Island Avenue, Miami Beach, FL 33139
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Address

Primary address 40 Island Avenue, Miami Beach
Zip code 33139
County Miami-Dade
Municipality Miami Beach
Neighborhood Venetian Islands
Parcel ID 0232330040090

Sales & Tax Overview for 40 Island Avenue, Miami Beach

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 12/23/2021
Sale price $62,000,000
Arm's length
Property tax $913,054

Lot & Building Information for 40 Island Avenue, Miami Beach

Building sqft 83,111
Total sqft 83,978
Building class Hotel or Motel: Hotel (3921)
Acreage 2.33
Buildings on lot 2
Year built 1953
Stories 3
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
School district Miami-Dade County Public Schools

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Other Property Data for 40 Island Avenue, Miami Beach

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About 40 Island Avenue, Miami Beach

How many sq. ft. does 40 Island Avenue, Miami Beach, FL 33139 have & what is the price per sq. ft?

This Hotel or Motel: Hotel (3921) located at 40 Island Avenue, Miami Beach, FL 33139 has a total of 83,111 square feet and a current price per square foot of $745.

What is the year built & the current market value of 40 Island Avenue, Miami Beach, FL 33139?

40 Island Avenue, Miami Beach, FL 33139 was built in 1953 and has a current tax assessor's market value of $48,670,000.

How many commercial spaces does this building have?

This building has 100 commercial spaces available for lease.

Ownership Information

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Past Sales & Property History for 40 Island Avenue, Miami Beach

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Purchase date Purchase price Buyer name Seller name
12/23/2021 $62,000,000
04/21/2008 $34,000,000
06/02/2003 $9,000,000
       
       
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*Here are the three most recent sales for this property.


Title Documents for 40 Island Avenue, Miami Beach

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Date Type Amount Party 1 Party 2 Maturity Document Related documents Doc image
01/12/2026 - D
01/14/2026 - R
Financing Statement Ucc
01/12/2026 - D
01/14/2026 - R
Assignment of Mortgage
01/05/2026 - D
01/07/2026 - R
Financing Statement Ucc
01/05/2026 - D
01/07/2026 - R
Assignment of Assignment of Leases and Rents
12/23/2025 - D
12/30/2025 - R
Financing Statement Ucc
12/23/2025 - D
12/30/2025 - R
Assignment of Leases and Rents
12/23/2025 - D
12/30/2025 - R
Mortgage
03/04/2022 - D
03/11/2022 - R
Lease
12/23/2021 - D
01/04/2022 - R
Mortgage
12/23/2021 - D
01/04/2022 - R
Deed
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R: Recorded date
D: Document date

Property Taxes for 40 Island Avenue, Miami Beach

Access detailed property tax data for 40 Island Avenue, Miami Beach, FL 33139. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $913,054
Market value $48,670,000
Assessed value $48,670,000

Assessment History for 40 Island Avenue, Miami Beach

Here's the assessment & property tax history for 40 Island Avenue, Miami Beach, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2025 $48,670,000 $48,670,000 18.7601 $913,054 +7.26%
2024 $45,300,000 $45,300,000 18.7913 $851,246 -0.66%
2023 $45,800,000 $45,100,000 18.8967 $856,930 +11.24%
2022 $41,000,000 $41,000,000 18.7893 $770,361 +58.33%
2021 $25,200,000 $25,200,000 19.3081 $486,564 -16.22%

Miami Beach residential market stats

Median Sale Price
$513,500
-4% YoY
Median Price/Sqft
$566
-3.2% YoY
Miami-Dade County Median Sale Price
$510,000
0% YoY

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 County.

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Demographics by Zip Code

Total population 33,753
Median age 43.6
Average household income $148,138
Family households 34.4%
Occupied housing units 19,822
Owner occupied units 37.2%
Average number of people per household 1.68
Median year structure built 1970
Median value for units with a mortgage $495,300
Median value for units without a mortgage $467,200

Risk

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FEMA flood zone(s) AE (See more on map)

Transportation

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Neighbors for 40 Island Avenue, Miami Beach

Here are the neighbors for 40 Island Avenue, Miami Beach.

Address Square feet Purchase date Purchase price
14 Farrey Ln, Miami Beach 7,213 05/05/2004 $400,000
13 Farrey Ln, Miami Beach 1,210 03/10/2012 $10
10 Farrey Ln, Miami Beach 1,162 05/04/2026 $10
12 Farrey Ln, Miami Beach 1,190 06/01/2023 $1,950,000
1431 Lincoln Ter, Miami Beach 3,864 10/21/2015 $1,650,000
9 Farrey Ln, Miami Beach 3,285 10/30/2017 $1
8 Farrey Ln, Miami Beach 2,202 02/16/2011 $770,000
7 Farrey Ln, Miami Beach 07/01/2024 $2,650,000
1620 Bay Rd, Miami Beach 4,338 10/17/2014 $1,400,000
1451 Lincoln Ter, Miami Beach 4,212 06/27/2024 $2,300,000
1420 Bay Rd, Miami Beach 750,471 09/02/2020 $10
1470 Lincoln Ter, Miami Beach 3,744 11/22/2005 $1,067,000
1616 Bay Rd, Miami Beach 4,236 06/25/2024 $10
1610 Bay Rd, Miami Beach 4,148 11/13/2020 $1,496,250
36 Island Ave, Miami Beach 33,421 03/05/2024 $10
1471 Lincoln Ter, Miami Beach 3,952 01/10/2022 $1,850,000
6 Farrey Ln, Miami Beach 1,168 07/01/2024 $927,000
31 Venetian Way, Miami Beach 326,964 06/05/2019 $10
52 Venetian Cswy, Miami Beach 1
11 Farrey Ln, Miami Beach 1,190 12/02/2019 $7,200,000

Nearby ZIP Codes for 40 Island Avenue, Miami Beach

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