1240 SW 12 AVE, Miami, FL 33129
Parcel: 0141110150670 · Vacant Residential · Vacant Land · Zoning: 5700
Assessed Value (2025)
$502,139
Sales History
1
$200,000
2015-08-25
RYAN DANIEL → 1244 SW 12 AVE HOLDINGS LLC
2
$575,000+188%
2023-07-07
1244 SW 12 AVE HOLDINGS LLC → EUGENIO NAVARRO
3
N/Anon-market transfer
2023-07-12
EUGENIO NAVARRO → T12 INVESTMENTS LLC
4
$575,000
2023-07-21
5
N/A
2023-07-28
6
$770,000
2026-05-12
T12 INVESTMENTS LLC → BAYIT DEVELOPMENT LLC
Tax Assessment History
$502,139
Assessed (2025)
$575,640
Market Value
$502,139
Taxable Value
$10,223
Annual Tax
2024
$543,113
2025
$502,139
$575,640
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $502,139 | $575,640 | $502,139 | $10,223 | $575,640 | $0 |
| 2024 | $543,113 | $543,113 | $543,113 | $11,057 | $456,490 | $86,623 |
About 1240 SW 12 AVE, Miami, FL 33129
1240 SW 12 AVE, Miami, FL 33129 is a property. The property is currently owned by BAYIT DEVELOPMENT LLC, recorded as of 2026-06-10. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2026-05-12 for $770,000, when T12 INVESTMENTS LLC sold to BAYIT DEVELOPMENT LLC. There are 6 recorded sales for this property. The 2025 assessed value is $502,139 with a market value of $575,640.
The assessed value decreased 8% from $543,113 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 $36,786, and the median home value is $625,600. The population density is 11,064 people per square mile. 1240 SW 12 AVE, Miami, FL 33129 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 2026, with 6 recorded transactions in the public record. The current assessed value represents 65% of the most recent sale price.
This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase..
Current Owner
BAYIT DEVELOPMENT LLC
7901 4 ST NORTH STE 300, SAINT PETERSBURG, FL, 33702
Since: 2026-06-10
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$5,421 — $9,838
Flood $400 — $800
Property/Wind $5,021 — $9,038
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$36,786
Median Home Value$625,600
Pop. Density11,064/sq mi
Neighborhood 33129
35.4%
Owner-Occ
64.6%
Investor
120
Flips (4yr)
3,107
New Biz (3yr)
Distress Risk
MODERATE
31
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