12940 SW 242 TER, Homestead, FL 33032
Parcel: 3069230041200 · RESIDENTIAL - SINGLE FAMILY : 1 UNIT · Zoning: 3050
Assessed Value (2025)
$76,671
Property Details
Beds
3
Baths
1
Living Sqft
1,118
Year Built
2006
Lot Sqft
4,500
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$100,000
2006-08-01
2
$100non-market transfer
2020-05-17
ARTHUR FIELDS → MEREDITH A YOUNG
3
$100non-market transfer
2023-03-02
MEREDITH A FIELDS → MEREDITH A FIELDS LE
Tax Assessment History
$76,671
Assessed (2025)
$307,708
Market Value
$25,949
Taxable Value
$528
Annual Tax
2024
$74,511
$291,443
2025
$76,671
$307,708
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $76,671 | $307,708 | $25,949 | $528 | $144,375 | $163,333 |
| 2024 | $74,511 | $291,443 | $25,000 | $509 | $144,375 | $147,068 |
About 12940 SW 242 TER, Homestead, FL 33032
12940 SW 242 TER, Homestead, FL 33032 is a 3-bedroom, 1-bathroom residential - single family : 1 unit built in 2006 with 1,118 square feet of living space on a 4,500 square foot lot. The property is currently owned by MEREDITH A FIELDS LE, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2023-03-02 for $100, when MEREDITH A FIELDS sold to MEREDITH A FIELDS LE. There are 3 recorded sales for this property. The 2025 assessed value is $76,671 with a market value of $307,708.
This breaks down to $144,375 for the land and $163,333 for the building. The assessed value increased 3% from $74,511 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 $93,706, and the median home value is $420,100.
The population density is 5,816 people per square mile. 12940 SW 242 TER, Homestead, FL 33032 is located in Homestead, Florida. Property records, tax assessments, sales history, and ownership information for this Homestead property are available through Miami-Dade County public records.
The complete ownership history of this property spans from 2006 to 2023, with 3 recorded transactions in the public record..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2023099066 | building | F | $2,650 |
Current Owner
MEREDITH A FIELDS LE
12940 SW 242 TER, HOMESTEAD, FL, 33032
Since: 2026-03-29
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000
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$93,706
Median Home Value$420,100
Pop. Density5,816/sq mi
Neighborhood 12940
0%
Corp-Owned
0%
Investor
5
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
22
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