20945 SW 240 ST, Miami-Dade County, FL 33031

20945 SW 240 ST, Miami-Dade County, FL 33031 is a 7-bedroom, 5-bathroom residential - single family : 1 unit built in 1978 with 3,386 square feet of living space on a 54,450 square foot lot. The property is currently owned by MERCEDES HERNANDEZ RAFAEL A HERNANDEZ, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2010-09-27 for $172,500, when DEUTSCHE BANK NATL TRUST CO TRS sold to MERCEDES HERNANDEZ. The property has appreciated $47,300 (38%) since the prior sale of $125,200 on 2010-05-19. There are 3 recorded sales for this property.

The 2025 assessed value is $237,654 with a market value of $724,448. This breaks down to $375,000 for the land and $349,448 for the building. The assessed value increased 3% from $230,957 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. The complete ownership history of this property spans from 2006 to 2010, with 3 recorded transactions in the public record.

The current assessed value represents 138% 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 $51 per square foot — a key metric for comparing value across the area's real estate market..