7440 SW 56 TER, South Miami, FL 33143

7440 SW 56 TER, South Miami, FL 33143 is a 3-bedroom, 1.5-bathroom residential - single family : 1 unit built in 1956 with 2,034 square feet of living space on a 15,000 square foot lot. The property is currently owned by JOHN A DOVEL III &W CARMEN C, 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 1994-09-01 for $162,500. There are 3 recorded sales for this property. The 2025 assessed value is $242,231 with a market value of $927,298.

This breaks down to $720,000 for the land and $207,298 for the building. The assessed value increased 3% from $235,405 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $137,875, and the median home value is $750,000. The population density is 1,886 people per square mile. 7440 SW 56 TER, South Miami, FL 33143 is located in South Miami, Florida.

Property records, tax assessments, sales history, and ownership information for this South Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1975 to 1994, with 3 recorded transactions in the public record. The current assessed value represents 149% 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 $80 per square foot — a key metric for comparing value across South Miami's real estate market..