940 Ocean Drive, Miami Beach, FL 33139 Property Information
940 Ocean Drive, Miami Beach, FL 33139 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 940 Ocean Drive, Miami Beach |
| Zip code | 33139 |
| County | Miami-Dade |
| Municipality | Miami Beach |
| Neighborhood | Ocean Beach |
| Parcel ID | 0232340080030 |
Sales & Tax Overview for 940 Ocean Drive, Miami Beach
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 10/21/2004 |
| Sale price | $6,400,000 |
| Arm's length | Register |
| Property tax | $291,856 |
Lot & Building Information for 940 Ocean Drive, Miami Beach
| Building sqft | 37,754 |
| Building class | Hotel or Motel: Hotel (3921) |
| Acreage | 0.298 |
| Year built | 1939 |
| Stories | 4 |
Zoning, Use & Area Overview
| Zoning district | Register |
| School district | Miami-Dade County Public Schools |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 940 Ocean Drive, Miami Beach
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- • Improvements for 940 Ocean Drive, Miami Beach , including their type, square footage, grade and when they were built.
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About 940 Ocean Drive, Miami Beach
This Hotel or Motel: Hotel (3921) located at 940 Ocean Drive, Miami Beach, FL 33139 has a total of 37,754 square feet and a current price per square foot of $169.
What is the year built & the current market value of 940 Ocean Drive, Miami Beach, FL 33139?940 Ocean Drive, Miami Beach, FL 33139 was built in 1939 and has a current tax assessor's market value of $16,790,000.
How many commercial spaces does this building have?This building has 62 commercial spaces available for lease.
Ownership Information
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Past Sales & Property History for 940 Ocean Drive, Miami Beach
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Title Documents for 940 Ocean Drive, Miami Beach
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R: Recorded date
D: Document date
Property Taxes for 940 Ocean Drive, Miami Beach
Access detailed property tax data for 940 Ocean Drive, Miami Beach, FL 33139. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $291,856 |
| Market value | $16,790,000 |
| Assessed value | $14,883,000 |
Assessment History for 940 Ocean Drive, Miami Beach
Here's the assessment & property tax history for 940 Ocean Drive, 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 | $16,790,000 | $14,883,000 | 18.7601 | $291,856 | +10.85% |
| 2024 | $14,900,000 | $13,530,000 | 18.7913 | $263,291 | +0.07% |
| 2023 | $15,000,000 | $13,332,000 | 18.8967 | $263,105 | +13.84% |
| 2022 | $12,300,000 | $12,300,000 | 18.7893 | $231,108 | +1.44% |
| 2021 | $11,800,000 | $11,800,000 | 19.3081 | $227,836 | -18.84% |
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 County.
Check out recently sold homes in Miami-Beach and see how their prices compare.
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
Access the detailed traffic volume map for 940 Ocean Drive, Miami Beach to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
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Neighbors for 940 Ocean Drive, Miami Beach
Here are the neighbors for 940 Ocean Drive, Miami Beach.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 953 Collins Ave, Miami Beach | 85,421 | 04/25/2003 | $6,082,400 |
| 723 N Lincoln Ln, Miami Beach | 55,401 | 11/19/2025 | $34,000,000 |
| 900 Ocean Dr, Miami Beach | 19,502 | 06/08/2001 | $10 |
| 1051 Collins Ave, Miami Beach | 17,100 | 12/01/2014 | $9,150,000 |
| 928 Ocean Dr, Miami Beach | 11,228 | 10/31/2014 | $10 |
| 909 Collins Ave, Miami Beach | 9,789 | 07/28/2010 | $2,550,000 |
| 1027 Collins Ave, Miami Beach | 01/21/1994 | ||
| 1688 Meridian Ave, Miami Beach | 95,784 | 12/06/2023 | $4,350,000 |
| 825 Lincoln Rd, Miami Beach | 42,234 | 11/15/1998 | |
| 929 Collins Ave, Miami Beach | 5,518 | 08/31/2009 | $2,000,000 |
| 1664 Meridian Ave, Miami Beach | |||
| 801 Lincoln Rd, Miami Beach | 19,942 | 11/19/2025 | $40,795,000 |
| 1685 Jefferson Ave, Miami Beach | 9,820 | 06/02/2025 | $4,226,000 |
| 1674 Meridian Ave, Miami Beach | 34,468 | 12/13/2021 | $26,500,000 |
| 1675 Meridian Ave, Miami Beach | 98,610 | 09/01/2022 | $15,500,000 |
| 1020 Ocean Dr, Miami Beach | 42,316 | 10/09/2018 | $20,600,000 |
| 1680 Meridian Ave, Miami Beach | 62,748 | 12/31/2024 | $22,700,000 |
| 919 Collins Ave, Miami Beach | 7,941 | 09/18/2023 | $5,700,000 |
| 1001 Collins Ave, Miami Beach | 22,897 | 10/09/2018 | $7,900,000 |
| 960 Ocean Dr, Miami Beach | 25,423 | 05/15/2008 | $24,750,000 |