242 SW 31 RD, Miami, FL 33129

242 SW 31 RD, Miami, FL 33129 is a 4-bedroom, 3.5-bathroom residential - single family : additional living quarters built in 1937 with 2,004 square feet of living space on a 7,800 square foot lot. The property is currently owned by LUIS J BERMUDEZ MARIA MUNOZ SANCHEZ MOLINI, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2021-04-21 for $1,050,000, when LYDIA INVESTMENTS LLLP sold to LUIS J BERMUDEZ . The property has appreciated $1,049,900 (1049900%) since the prior sale of $100 on 2016-02-08. There are 3 recorded sales for this property.

The 2025 assessed value is $1,031,976 with a market value of $1,266,387. This breaks down to $819,000 for the land and $447,387 for the building. The assessed value increased 3% from $1,002,893 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 $98,652, and the median home value is $475,900. The population density is 7,260 people per square mile. There are active mortgage liens totaling $789,729 recorded against this property.

242 SW 31 RD, 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 2016 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 98% of the most recent sale price. Based on the most recent sale, this property traded at $524 per square foot — a key metric for comparing value across Miami's real estate market..