Welcome to 531 West 51st Street, a building located in Lake View, La Gorce, Miami Beach in Miami Beach, FL.
As a quick overview, these are the most up-to-date information we've collected about the property.
The building itself was built in 1944.
This is a single story building.
Finally, 531 West 51st Street was most recently sold on May 21, 2021 for $2,075,000.
The market value for the land that the building sits on has been listed at $1,250,000.
In addition, improvements upon the building have an added value of $880,463.
In total, the total market value of the property as a whole is $2,130,463.
According to local assessors, the total value of the building is currently valued at $1,716,131.
The building was last assessed in 2023.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
More About The Building
In total, the building area is listed as 2,057 square feet.
The depth of the property lot was measured at 1,250 square feet and the front at 500 square feet.
The building itself has 2,246 square footage of total floor area.
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 531 West 51st Street is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the Lake View area have a median price of $13,750.
Those in the 25th percentile, have a price around $2,600.
While those in the 75th percentile, have a price around $15,000.
Typically, the buildings in this area have a median sqft of 1,772.
That means that the median price per sqft is around $5.
In other words, the price per sqft for buildings in the 25th percentile is $3.
While the price per sqft for buildings in the 75th percentile is $7.
As a breakdown, we've included the following stats:
- There are currently no studio listings being advertised in the area.
- There are currently a total of 4 one bedroom listings.
The median price for these types of listings is $2,588.
That's $3.37 price per sqft.
- There are currently no two bedroom listings being advertised in the area.
- There are currently a total of 2 three bedroom listings.
The median price for these types of listings is $15,000.
That's $7.61 price per sqft.
- There are currently a total of 3 four bedroom listings.
The median price for these types of listings is $17,500.
That's $6.32 price per sqft.
About The Area
531 West 51st Street is located in 33140.
There are 22,222 people living here.
There are 9,430 households.
Most of these households have an average family size of 3.07 people.
According to the census, 45% are currently renting while 55% own their homes.
The median age of this population is around 43.1 years old.
On average, most folks in the zipcode are unmarried.
About 62% of folks speak a language other than English in this area.
The area's employment rate is currently around 58.3%.
Speaking of employment, the median income is $68,916.
Most folks will commute by car for around 26.6 minutes.
Finally, we know that 15% of residents in the area have graduated with their high school degree.
Additionally, 28% and 28% have their Bachelor's and Master's degree, respectfully.
Moving on to the county level.
Miami-Dade County, Florida has a population of 2,664,418 people.
Based on census records, there are 853,624 registered households.
Families in this area are on average made up of 3.75 people per household.
Most folks are unmarried.
They are also typically around 39.3 years old.
Does diversity matter to you? Right now, 73% of folks speak a language other than English here.
About 47% rent while 53% purchased their homes.
Right now, the community is made up of 28% of residents who have graduated with at least a high school degree.
On top of that, 17% have a Bachelor's degree and 10% have a Master's degree.
The employment rate is currently around 56.7%.
Those employed, have a median income of $44,224.
If you move here, you can expect to commute mostly by car for around 30.6 minutes.
Finally, let's take a look at the stats related to Miami, FL Urban Area.
The urban area is home to 5,859,349 people.
A total of 2,045,951 households are registered here.
With average family sizes being listed at 3.52 people.
About 27% of residents have graduated with a high school degree.
Of the rest, 19% have their Bachelor's and 11% have their Master's degree.
Folks speaking a language other than English, make up about 53% of the population.
Looking to move to this urban area? You'll need to look forward to commuting by car for around 28.5 minutes.
Speaking of your commute, 57.5% of people in this area are employed.
The recorded median income is currently at $50,097 per year.
The median population age has been listed at 40.6 years old.
Interestingly enough, unmarried people make up the majority of the population.
Last but not least, renters make up about 40% of the population while homeowners are at about 60% of the population.
