5240 SW 116 AVE, Tamiami, FL 33165

5240 SW 116 AVE, Tamiami, FL 33165 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1956 with 726 square feet of living space on a 7,500 square foot lot. The property is currently owned by TEODORO JUAN MEJUTO JTRS CARMEN ROSA MEJUTO JTRS, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2013-11-25 for $172,000, when RICHARD VILLEGAS ENTERPRISES INC sold to TEODORO JUAN MEJUTO JTRS. The property has appreciated $76,000 (79%) since the prior sale of $96,000 on 2013-08-21. There are 3 recorded sales for this property.

The 2025 assessed value is $347,758 with a market value of $408,368. This breaks down to $315,000 for the land and $93,368 for the building. The assessed value increased 10% from $316,144 in 2024.

The median household income in this area is $86,435, and the median home value is $495,000. The population density is 5,999 people per square mile. 5240 SW 116 AVE, Tamiami, FL 33165 is located in Tamiami, Florida.

Property records, tax assessments, sales history, and ownership information for this Tamiami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2013 to 2013, with 3 recorded transactions in the public record. The current assessed value represents 202% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $237 per square foot — a key metric for comparing value across Tamiami's real estate market..