20535 SW 122 AVE, South Miami Heights, FL 33177
Parcel: 3069120180050 · MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS · Zoning: 3700
Assessed Value (2025)
$3,900,000
Property Details
Beds
120
Baths
88
Living Sqft
54,908
Year Built
2001
Lot Sqft
190,109
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
$177,450
Taxable Value
$3,613
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 | $177,450 | $3,613 | $1,806,036 | $2,093,964 |
| 2024 | $5,990,000 | $5,990,000 | $272,545 | $5,549 | $3,612,071 | $2,377,929 |
About 20535 SW 122 AVE, South Miami Heights, FL 33177
20535 SW 122 AVE, South Miami Heights, FL 33177 is a 120-bedroom, 88-bathroom multifamily 10 units plus : multifamily 3 or more units built in 2001 with 54,908 square feet of living space on a 190,109 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 $1,806,036 for the land and $2,093,964 for the building. The assessed value decreased 35% from $5,990,000 in 2024.
This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential. Flood insurance is typically required. 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. 20535 SW 122 AVE, 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 $1027 per square foot — a key metric for comparing value across South Miami Heights's real estate market..
Building Permits (19)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| W2025073361 | plumbing | F | — | ||
| C2025054981 | mechanical | F | — | ||
| C2025052585 | mechanical | F | — | ||
| C2025052372 | mechanical | F | — | ||
| C2025031970 | building | F | — | ||
| C2025027146 | plumbing | F | $350 | ||
| C2024182841 | electrical | F | — | ||
| C2024182749 | electrical | F | — | ||
| C2024183069 | electrical | F | — | ||
| C2024164234 | zips | F | — | ||
| C2024156251 | electrical | F | — | ||
| C2024156392 | electrical | F | — | ||
| C2024125232 | mechanical | F | — | ||
| C2024125103 | mechanical | F | — | ||
| W2024064174 | plumbing | F | — |
Showing 15 of 19 permits
Current Owner
FAIRFIELD RUNNING BROOK II LP
5355 MIRA SORRENTO PL #100, SAN DIEGO, CA, 92121
Since: 2026-03-29
View owner profile →
Flood Zone
Zone AH
Special Flood Hazard Area
Est. Annual Insurance
$31,600 — $55,400
Flood $400 — $800
Property/Wind $31,200 — $54,600
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 20535
0%
Corp-Owned
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
ELEVATED
51
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