531 NE 55th Terrace Miami, FL 33137
Upper East Side South NeighborhoodEstimated payment $11,240/month
Total Views
4,098
3
Beds
2
Baths
1,896
Sq Ft
$857
Price per Sq Ft
Highlights
- Gated Community
- Sun or Florida Room
- Cooling Available
- Garden View
- Tennis Courts
- Patio
About This Home
Welcome to a prime opportunity in Morningside’s prestigious gated community! This 3-bedroom, 2-bathroom home offers a perfect canvas for your dream renovation. Featuring impact sliding glass doors and windows, classic hardwood floors, and included parking, this property is ready for transformation. Enjoy community amenities such as a basketball court, playground, park, picnic area and communal tennis courts. Invest in this premier Miami location and create a personalized living space that suits your style and needs. Embrace the potential and make this home your own!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,248
Year Built
- Built in 1938
Lot Details
- 6,540 Sq Ft Lot
- South Facing Home
- Fenced
- Property is zoned 0100
Parking
- 1 Car Garage
- Driveway
- On-Street Parking
- Open Parking
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 1,896 Sq Ft Home
- 1-Story Property
- Family Room
- Sun or Florida Room
- Garden Views
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Patio
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 01-32-18-037-0710
Community Details
Overview
- Property has a Home Owners Association
- Bayshore Unit No 3 Subdivision
- Maintained Community
Amenities
- Picnic Area
Recreation
- Tennis Courts
Security
- Security Service
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $23,628 | $1,113,500 | $1,046,497 | $67,003 |
| 2023 | $23,628 | $1,044,947 | $752,084 | $292,863 |
| 2022 | $16,751 | $721,511 | $522,976 | $198,535 |
| 2021 | $13,749 | $558,790 | $408,694 | $150,096 |
| 2020 | $13,798 | $565,922 | $415,415 | $150,507 |
| 2019 | $13,834 | $566,332 | $415,415 | $150,917 |
| 2018 | $7,562 | $319,686 | $0 | $0 |
| 2017 | $7,509 | $313,111 | $0 | $0 |
| 2016 | $7,263 | $306,671 | $0 | $0 |
| 2015 | $7,787 | $304,540 | $0 | $0 |
| 2014 | $6,897 | $302,124 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | Price Changed | $1,625,000 | -4.1% | $857 / Sq Ft |
| 03/14/2025 03/14/25 | For Sale | $1,695,000 | +29.4% | $894 / Sq Ft |
| 06/29/2023 06/29/23 | Sold | $1,310,000 | -14.3% | $691 / Sq Ft |
| 06/23/2023 06/23/23 | Pending | -- | -- | -- |
| 04/14/2023 04/14/23 | Price Changed | $1,529,000 | -1.3% | $806 / Sq Ft |
| 02/20/2023 02/20/23 | Price Changed | $1,549,000 | -2.6% | $817 / Sq Ft |
| 02/07/2023 02/07/23 | For Sale | $1,590,000 | 0.0% | $839 / Sq Ft |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- |
| 01/09/2023 01/09/23 | Price Changed | $1,590,000 | -6.4% | $839 / Sq Ft |
| 12/05/2022 12/05/22 | Price Changed | $1,699,000 | -5.6% | $896 / Sq Ft |
| 10/28/2022 10/28/22 | Price Changed | $1,800,000 | -10.0% | $949 / Sq Ft |
| 09/09/2022 09/09/22 | Price Changed | $1,999,990 | -52.4% | $1,055 / Sq Ft |
| 05/04/2022 05/04/22 | For Sale | $4,200,000 | +200.0% | $2,215 / Sq Ft |
| 04/19/2022 04/19/22 | Sold | $1,400,000 | -6.0% | $738 / Sq Ft |
| 04/15/2022 04/15/22 | Pending | -- | -- | -- |
| 03/10/2022 03/10/22 | For Sale | $1,490,000 | -- | $786 / Sq Ft |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,400,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $550,000 | Balloon | |
| Open | $1,000,000 | New Conventional | |
| Previous Owner | $532,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $37,368 | Unknown | |
| Previous Owner | $40,918 | Unknown |
Source: Public Records
Similar Homes in the area
Source: MIAMI REALTORS® MLS
MLS Number: A11763861
APN: 01-3218-037-0710
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