11118 SW 243 LN, Homestead, FL 33032

Parcel: 3060190111020 · Residential - Single Family · Cluster Home · Zoning: 0102

Assessed Value (2025)
$392,307

Property Details

Beds
4
Baths
2
Living Sqft
1,771
Year Built
2005
Lot Sqft
5,703
RESIDENTIAL - SINGLE FAMILY : CLUSTER HOME

Sales History

1
$269,900
2005-11-01
2
$430,000+59%
2022-11-22
OSCAR MIRANDA &WRICARDO A SANCHEZ
3
$430,000
2022-11-29

Tax Assessment History

$392,307
Assessed (2025)
$392,307
Market Value
$341,585
Taxable Value
$6,954
Annual Tax
2024
$381,762
$394,853
2025
$392,307
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $392,307 $392,307 $341,585 $6,954
2024 $381,762 $394,853 $331,762 $6,754

About 11118 SW 243 LN, Homestead, FL 33032

11118 SW 243 LN, Homestead, FL 33032 is a 4-bedroom, 2-bathroom residential - single family : cluster home built in 2005 with 1,771 square feet of living space on a 5,703 square foot lot. The property is currently owned by RICARDO A 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 2022-11-29 for $430,000. There are 3 recorded sales for this property. The 2025 assessed value is $392,307 with a market value of $392,307.

This breaks down to $160,545 for the land and $231,762 for the building. The assessed value increased 3% from $381,762 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $86,925, and the median home value is $399,500. The population density is 9,262 people per square mile. There are active mortgage liens totaling $399,160 recorded against this property.

11118 SW 243 LN, Homestead, FL 33032 is located in Homestead, Florida. Property records, tax assessments, sales history, and ownership information for this Homestead property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2005 to 2022, with 3 recorded transactions in the public record.

The current assessed value represents 91% of the most recent sale price. Based on the most recent sale, this property traded at $243 per square foot — a key metric for comparing value across Homestead's real estate market..

Current Owner

RICARDO A SANCHEZ
11118 SW 243 LN, HOMESTEAD, FL, 33032
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$2,753 — $4,723
Flood $400 — $800
Property/Wind $2,353 — $3,923

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$86,925
Median Home Value$399,500
Pop. Density9,262/sq mi

Neighborhood 11118

100%
Owner-Occ
0%
Investor
1
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
21
View full risk analysis →

Mortgages

ACTIVE
$415,648
~$399,160 bal.
TRUST MORTGAGE LENDING CORP · 2022-11-29
Est. Total Balance $399,160
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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