1242 SW 21 TER, Miami, FL 33145

1242 SW 21 TER, Miami, FL 33145 is a 5-bedroom, 3-bathroom residential - single family : 1 unit built in 1938 with 1,438 square feet of living space on a 5,928 square foot lot. The property is currently owned by 1242 SW 21 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 2025-12-10 for $820,000. There are 4 recorded sales for this property. The 2025 assessed value is $196,504 with a market value of $626,027.

This breaks down to $474,240 for the land and $151,787 for the building. The assessed value increased 3% from $190,966 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 $89,459, and the median home value is $600,300.

The population density is 8,373 people per square mile. There are active mortgage liens totaling $397,664 recorded against this property. 1242 SW 21 TER, Miami, FL 33145 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 1991 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 24% 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. Based on the most recent sale, this property traded at $570 per square foot — a key metric for comparing value across Miami's real estate market..