550 NW 116 ST, North Miami, FL 33168

550 NW 116 ST, North Miami, FL 33168 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1948 with 1,069 square feet of living space on a 6,000 square foot lot. The property is currently owned by BRIANA SANCHEZ, 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 2020-06-05 for $265,000, when MICHAEL RASK PETERSEN sold to BRIANA SANCHEZ. The property has appreciated $176,600 (200%) since the prior sale of $88,400 on 2015-12-07. There are 3 recorded sales for this property.

The 2025 assessed value is $222,676 with a market value of $356,392. This breaks down to $252,000 for the land and $104,392 for the building. The assessed value increased 3% from $216,401 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $78,125, and the median home value is $428,900. The population density is 8,590 people per square mile.

550 NW 116 ST, North Miami, FL 33168 is located in North Miami, Florida. Property records, tax assessments, sales history, and ownership information for this North Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2002 to 2020, with 3 recorded transactions in the public record.

The current assessed value represents 84% of the most recent sale price. Based on the most recent sale, this property traded at $248 per square foot — a key metric for comparing value across North Miami's real estate market..