20450 SW 198 ST, South Miami Heights, FL 33187

Parcel: 3068030000280 · Residential - Single Family · 1 Unit · Zoning: 8900

Assessed Value (2025)
$461,071

Property Details

Beds
4
Baths
2.5
Living Sqft
2,469
Year Built
2008
Lot Sqft
55,756
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$64,430
2009-02-18
JOSE PEON SR & JOSE PEON JR &JOSE JR PEON
2
$100,000+55%
2014-07-18
JOSE PEON JRWELLS FARGO BANK NA
3
$275,000+175%
2016-03-25
WELLS FARGO BANK NAHUMBERTO REYES

Tax Assessment History

$461,071
Assessed (2025)
$673,331
Market Value
$410,349
Taxable Value
$8,354
Annual Tax
2024
$448,077
$614,170
2025
$461,071
$673,331
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $461,071 $673,331 $410,349 $8,354
2024 $448,077 $614,170 $398,077 $8,105

About 20450 SW 198 ST, South Miami Heights, FL 33187

20450 SW 198 ST, South Miami Heights, FL 33187 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 2008 with 2,469 square feet of living space on a 55,756 square foot lot. The property is currently owned by HUMBERTO REYES, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2016-03-25 for $275,000, when WELLS FARGO BANK NA sold to HUMBERTO REYES. The property has appreciated $175,000 (175%) since the prior sale of $100,000 on 2014-07-18. There are 3 recorded sales for this property.

The 2025 assessed value is $461,071 with a market value of $673,331. This breaks down to $268,800 for the land and $404,531 for the building. The assessed value increased 3% from $448,077 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential. Flood insurance is typically required.

The median household income in this area is $107,073, and the median home value is $457,700. The population density is 6 people per square mile. 20450 SW 198 ST, South Miami Heights, FL 33187 is located in South Miami Heights, Florida.

Property records, tax assessments, sales history, and ownership information for this South Miami Heights property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2009 to 2016, with 3 recorded transactions in the public record. The current assessed value represents 168% 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 $111 per square foot — a key metric for comparing value across South Miami Heights's real estate market..

Building Permits (1)

Permit #TypeStatusCost
N2002046492 limp expired

Current Owner

HUMBERTO REYES
20450 SW 198TH ST, MIAMI, FL, 33187-2325
Since: 2026-03-29
View owner profile →

Flood Zone

Zone AH
Special Flood Hazard Area

Est. Annual Insurance

$3,166 — $5,410
Flood $400 — $800
Property/Wind $2,766 — $4,610

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$107,073
Median Home Value$457,700
Pop. Density6/sq mi

Neighborhood 20450

100%
Owner-Occ
0%
Investor
3
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
23
View full risk analysis →
Zoom in to see property sales