21450 SW 240 ST, Miami-Dade County, FL 33031

21450 SW 240 ST, Miami-Dade County, FL 33031 is a 5-bedroom, 3.5-bathroom residential - single family : 1 unit built in 1989 with 6,774 square feet of living space on a 101,059 square foot lot. The property is currently owned by THE MONESTORY OF ARKASHEA INC, 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 1992-12-01 for $180,000. The property has appreciated $140,000 (350%) since the prior sale of $40,000 on 1988-05-01. The 2025 assessed value is $1,442,525 with a market value of $1,655,639.

This breaks down to $696,000 for the land and $959,639 for the building. The assessed value increased 10% from $1,311,387 in 2024. 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 1988 to 1992, with 2 recorded transactions in the public record. The current assessed value represents 801% 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 $27 per square foot — a key metric for comparing value across the area's real estate market..