16720 SW 88 ST, The Hammocks, FL 33196
Parcel: 3059050190040 · Financial Institution · Office Building · Zoning: 6200
Assessed Value (2025)
$2,401,000
Property Details
Living Sqft
5,029
Year Built
2008
Lot Sqft
64,174
FINANCIAL INSTITUTION : OFFICE BUILDING
Sales History
1
$5,190,600
1997-09-01
2
$1,100,000-79%
1999-08-01
3
$630,000-43%
2022-08-02
SUNTRUST BANK MIAMI NA → LEMONADE MM MIAMI
4
$630,000
2022-08-03
5
$1,850,000+194%
2026-04-16
LEMONADE MM MIAMI → GGAF HOLGINGS LLC
Tax Assessment History
$2,401,000
Assessed (2025)
$2,401,000
Market Value
$2,401,000
Taxable Value
$48,882
Annual Tax
2024
$2,401,000
2025
$2,401,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $2,401,000 | $2,401,000 | $2,401,000 | $48,882 | $2,400,000 | $1,000 |
| 2024 | $2,401,000 | $2,401,000 | $2,401,000 | $48,882 | $2,400,000 | $1,000 |
About 16720 SW 88 ST, The Hammocks, FL 33196
16720 SW 88 ST, The Hammocks, FL 33196 is a financial institution : office building built in 2008 with 5,029 square feet of living space on a 64,174 square foot lot. The property is currently owned by GGAF HOLGINGS LLC, recorded as of 2026-05-31. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2026-04-16 for $1,850,000, when LEMONADE MM MIAMI sold to GGAF HOLGINGS LLC. The property has appreciated $1,220,000 (194%) since the prior sale of $630,000 on 2022-08-03. There are 5 recorded sales for this property.
The 2025 assessed value is $2,401,000 with a market value of $2,401,000. This breaks down to $2,400,000 for the land and $1,000 for the building. The median household income in this area is $86,795, and the median home value is $453,900.
The population density is 3,241 people per square mile. 16720 SW 88 ST, The Hammocks, FL 33196 is located in The Hammocks, Florida. Property records, tax assessments, sales history, and ownership information for this The Hammocks property are sourced from miami_dade County public records.
The complete ownership history of this property spans from 1997 to 2026, with 5 recorded transactions in the public record. The current assessed value represents 130% 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 $368 per square foot — a key metric for comparing value across The Hammocks's real estate market..
Building Permits (2)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| W2023090649 | electrical | F | — | ||
| W2023090653 | electrical | F | $50 |
Current Owner
GGAF HOLGINGS LLC
85 S ROYAL POINCIANA BLVD, MIAMI SPRINGS, FL, 33166
Since: 2026-05-31
View owner profile →
Est. Annual Insurance
$14,806 — $24,810
Flood $400 — $800
Property/Wind $14,406 — $24,010
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$86,795
Median Home Value$453,900
Pop. Density3,241/sq mi
Neighborhood 16720
100%
Owner-Occ
0%
Investor
1
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
31
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