245 NW 48 ST, Miami, FL 33127
Parcel: 0131240180550 · Multifamily 2-9 Units · 2 Living Units · Zoning: 0104
Assessed Value (2025)
$298,985
Property Details
Beds
6
Baths
3
Living Sqft
2,221
Year Built
1924
Lot Sqft
7,150
Stories
2
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Sales History
1
N/Anon-market transfer
1979-05-19
ISSAC ETHERIDGE → ISSAC ETHERIDGE &W REATHER LE
2
N/Anon-market transfer
1993-01-01
REATHER ETHERIDGE → WILLIE LARRY JR LE
3
$100non-market transfer
2022-12-01
WILLIE LARRY JR LE → WILLIE LARRY JR
4
N/A
2022-12-22
Tax Assessment History
$298,985
Assessed (2025)
$696,485
Market Value
$0
Taxable Value
2024
$290,559
$683,594
2025
$298,985
$696,485
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $298,985 | $696,485 | $0 | — | $529,100 | $167,385 |
| 2024 | $290,559 | $683,594 | $0 | — | $525,487 | $158,107 |
About 245 NW 48 ST, Miami, FL 33127
245 NW 48 ST, Miami, FL 33127 is a 6-bedroom, 3-bathroom multifamily 2-9 units : 2 living units built in 1924 with 2,221 square feet of living space on a 7,150 square foot lot. The property is currently owned by WILLIE LARRY JR VELA MAE LARRY, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
There are 4 recorded sales for this property. The 2025 assessed value is $298,985 with a market value of $696,485. This breaks down to $529,100 for the land and $167,385 for the building.
The assessed value increased 3% from $290,559 in 2024. The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone X, which indicates minimal flood risk.
Flood insurance is typically not required for properties in Zone X. The median household income in this area is $49,685, and the median home value is $657,900. The population density is 8,510 people per square mile.
245 NW 48 ST, Miami, FL 33127 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1979 to 2022, with 4 recorded transactions in the public record..
Current Owner
WILLIE LARRY JR VELA MAE LARRY
245 NW 48 ST, MIAMI, FL, 33127
Since: 2026-04-19
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$3,987 — $7,377
Flood $400 — $800
Property/Wind $3,587 — $6,577
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$49,685
Median Home Value$657,900
Pop. Density8,510/sq mi
Neighborhood 33127
32.7%
Owner-Occ
67.3%
Investor
303
Flips (4yr)
5,843
New Biz (3yr)
Distress Risk
ELEVATED
44
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