650 NW 8 AVE, Homestead, FL 33030

Parcel: 1078130250202 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700

Assessed Value (2025)
$218,665

Property Details

Beds
4
Baths
2
Living Sqft
1,620
Year Built
1971
Lot Sqft
6,450
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
$215,000+306%
2020-10-09
MAGNUM RENTAL PROPERTIES INC FRANK VICTOR PALACIOS

Tax Assessment History

$218,665
Assessed (2025)
$293,206
Market Value
$218,665
Taxable Value
$4,452
Annual Tax
2024
$198,787
$278,059
2025
$218,665
$293,206
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $218,665 $293,206 $218,665 $4,452
2024 $198,787 $278,059 $198,787 $4,047

About 650 NW 8 AVE, Homestead, FL 33030

650 NW 8 AVE, 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 6,450 square foot lot. The property is currently owned by FRANK VICTOR 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 2020-10-09 for $215,000, when MAGNUM RENTAL PROPERTIES INC sold to FRANK VICTOR PALACIOS. The property has appreciated $162,000 (306%) since the prior sale of $53,000 on 2011-04-11. There are 3 recorded sales for this property.

The 2025 assessed value is $218,665 with a market value of $293,206. This breaks down to $122,550 for the land and $170,656 for the building. The assessed value increased 10% from $198,787 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. 650 NW 8 AVE, 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 2020, with 3 recorded transactions in the public record. The current assessed value represents 102% of the most recent sale price. Based on the most recent sale, this property traded at $133 per square foot — a key metric for comparing value across Homestead's real estate market..

Current Owner

FRANK VICTOR PALACIOS
13101 SW 209 ST, MIAMI, FL, 33177
Since: 2026-03-29
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$2,586 — $4,735
Flood $400 — $800
Property/Wind $2,186 — $3,935

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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