12085 SW 206 ST, South Miami Heights, FL 33177
Parcel: 3069120180040 · MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS · Zoning: 3700
Assessed Value (2025)
$3,900,000
Property Details
Living Sqft
48,407
Year Built
2002
Lot Sqft
190,089
Stories
2
MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS
Sales History
1
$19,000,000
2017-03-20
RUNNING BROOK ASSOCIATES LTD → AOF RUNNING BROOK LLC
2
$45,000,000+137%
2021-12-16
AOF RUNNING BROOK LLC → FAIRFIELD RUNNING BROOK LP
3
$56,400,000+25%
2023-12-13
FAIRFIELD RUNNING BROOK LP → FAIRFIELD RUNNING BROOK II LP
Tax Assessment History
$3,900,000
Assessed (2025)
$3,900,000
Market Value
$531,960
Taxable Value
$10,830
Annual Tax
2024
$5,990,000
2025
$3,900,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $3,900,000 | $3,900,000 | $531,960 | $10,830 | $1,805,846 | $2,094,154 |
| 2024 | $5,990,000 | $5,990,000 | $408,518 | $8,317 | $3,611,691 | $2,378,309 |
About 12085 SW 206 ST, South Miami Heights, FL 33177
12085 SW 206 ST, South Miami Heights, FL 33177 is a multifamily 10 units plus : multifamily 3 or more units built in 2002 with 48,407 square feet of living space on a 190,089 square foot lot. The property is currently owned by FAIRFIELD RUNNING BROOK II LP, 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 2023-12-13 for $56,400,000, when FAIRFIELD RUNNING BROOK LP sold to FAIRFIELD RUNNING BROOK II LP. The property has appreciated $11,400,000 (25%) since the prior sale of $45,000,000 on 2021-12-16. There are 3 recorded sales for this property.
The 2025 assessed value is $3,900,000 with a market value of $3,900,000. This breaks down to $1,805,846 for the land and $2,094,154 for the building. The assessed value decreased 35% from $5,990,000 in 2024.
The median household income in this area is $44,021, and the median home value is $345,900. The population density is 8,399 people per square mile. 12085 SW 206 ST, South Miami Heights, FL 33177 is located in South Miami Heights, Florida.
Property records, tax assessments, sales history, and ownership information for this South Miami Heights property are available through Miami-Dade County public records. The complete ownership history of this property spans from 2017 to 2023, with 3 recorded transactions in the public record. The current assessed value represents 7% 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 $1165 per square foot — a key metric for comparing value across South Miami Heights's real estate market..
Building Permits (5)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2025028786 | building | F | $45,800 | ||
| C2024125003 | mechanical | F | — | ||
| C2024125399 | mechanical | F | — | ||
| C2022103912 | building | F | $370,670 | ||
| C2022103919 | building | F | $336,970 |
Current Owner
FAIRFIELD RUNNING BROOK II LP
5355 MIRA SORRENTO PL #100, SAN DIEGO, CA, 92121
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$23,800 — $39,800
Flood $400 — $800
Property/Wind $23,400 — $39,000
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$44,021
Median Home Value$345,900
Pop. Density8,399/sq mi
Neighborhood 12085
0%
Corp-Owned
0%
Investor
1
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
24
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