818 NW 8 ST, Homestead, FL 33030

Parcel: 1078130250181 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700

Assessed Value (2025)
$221,460

Property Details

Beds
4
Baths
2
Living Sqft
1,620
Year Built
1971
Lot Sqft
4,872
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS

Sales History

1
$53,000
2011-03-30
GABINO ESCOBAR TRSALBERT ALVAREZ
2
$53,000
2011-04-11
ALBERT ALVAREZMAGNUM RENTAL PROPERTIES INC
3
$163,000+208%
2015-03-27
MAGNUM RENTAL PROPERTIES INCFRANK PALACIOS

Tax Assessment History

$221,460
Assessed (2025)
$295,652
Market Value
$221,460
Taxable Value
$4,509
Annual Tax
2024
$201,328
$280,197
2025
$221,460
$295,652
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $221,460 $295,652 $221,460 $4,509
2024 $201,328 $280,197 $201,328 $4,099

About 818 NW 8 ST, Homestead, FL 33030

818 NW 8 ST, Homestead, FL 33030 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1971 with 1,620 square feet of living space on a 4,872 square foot lot. The property is currently owned by FRANK PALACIOS, 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 2015-03-27 for $163,000, when MAGNUM RENTAL PROPERTIES INC sold to FRANK PALACIOS. The property has appreciated $110,000 (208%) since the prior sale of $53,000 on 2011-04-11. There are 3 recorded sales for this property.

The 2025 assessed value is $221,460 with a market value of $295,652. This breaks down to $92,568 for the land and $203,084 for the building. The assessed value increased 10% from $201,328 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 $26,268, and the median home value is $243,200.

The population density is 6,925 people per square mile. 818 NW 8 ST, Homestead, FL 33030 is located in Homestead, Florida. Property records, tax assessments, sales history, and ownership information for this Homestead property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2011 to 2015, with 3 recorded transactions in the public record. The current assessed value represents 136% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal.

Based on the most recent sale, this property traded at $101 per square foot — a key metric for comparing value across Homestead's real estate market..

Current Owner

FRANK PALACIOS
24001 SW 142 AVE, HOMESTEAD, FL, 33032
Since: 2026-03-29
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$2,614 — $4,786
Flood $400 — $800
Property/Wind $2,214 — $3,986

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$26,268
Median Home Value$243,200
Pop. Density6,925/sq mi

Neighborhood 33030

38.7%
Owner-Occ
61.3%
Investor
162
Flips (4yr)
2,345
New Biz (3yr)
Distress Risk
ELEVATED
41
View full risk analysis →
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