119 NW 24 ST, Miami, FL 33127

Parcel: 0131250370150 · Light Manufacturing · Light Mfg & Food Processing · Zoning: 6101

Assessed Value (2025)
$7,005,455

Property Details

Beds
2
Baths
2
Living Sqft
6,270
Year Built
1972
Lot Sqft
14,500
Stories
1
LIGHT MANUFACTURING : LIGHT MFG & FOOD PROCESSING

Sales History

1
$100non-market transfer
2015-03-27
EST OF FRANCISCO PENELARAUL PENELA
2
$3,300,000
2015-06-15
RAUL PENELA 113 NW 24 ST LLC
3
$7,750,000+135%
2023-07-31
113 NW 24 ST LLC119 24TH ST LLC
4
$7,750,000
2024-01-29

Tax Assessment History

$7,005,455
Assessed (2025)
$7,005,455
Market Value
$7,005,455
Taxable Value
$142,625
Annual Tax
2024
$6,747,005
2025
$7,005,455
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $7,005,455 $7,005,455 $7,005,455 $142,625
2024 $6,747,005 $6,747,005 $6,747,005 $137,364

About 119 NW 24 ST, Miami, FL 33127

119 NW 24 ST, Miami, FL 33127 is a 2-bedroom, 2-bathroom light manufacturing : light mfg & food processing built in 1972 with 6,270 square feet of living space on a 14,500 square foot lot. The property is currently owned by 119 24TH ST LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2024-01-29 for $7,750,000. There are 4 recorded sales for this property. The 2025 assessed value is $7,005,455 with a market value of $7,005,455.

This breaks down to $6,887,500 for the land and $117,955 for the building. The assessed value increased 4% from $6,747,005 in 2024. 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 $38,200, and the median home value is $-666,666,666. The population density is 3,510 people per square mile.

119 NW 24 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 2015 to 2024, with 4 recorded transactions in the public record.

The current assessed value represents 90% of the most recent sale price. Based on the most recent sale, this property traded at $1236 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

119 24TH ST LLC
19501 BISCAYNE BLVD #400, AVENTURA, FL, 33180
Since: 2026-03-29
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$70,454 — $126,898
Flood $400 — $800
Property/Wind $70,054 — $126,098

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$38,200
Median Home Value$-666,666,666
Pop. Density3,510/sq mi

Neighborhood 33127

32.7%
Owner-Occ
67.3%
Investor
303
Flips (4yr)
5,843
New Biz (3yr)
Distress Risk
ELEVATED
44
View full risk analysis →
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