20880 SW 240 ST, Miami-Dade County, FL 33031

20880 SW 240 ST, Miami-Dade County, FL 33031 is a 4-bedroom, 3.5-bathroom residential - single family : 1 unit built in 1997 with 3,202 square feet of living space on a 54,450 square foot lot. The property is currently owned by MILLS MOTORS LLC, 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 2009-06-16 for $328,000, when DEUTSCHE BNK NATL TRUST CO TRS sold to MILLS MOTORS LLC. The property sold for $397,000 less than the prior sale of $725,000 on 2006-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $652,916 with a market value of $783,244. This breaks down to $375,000 for the land and $408,244 for the building. The assessed value increased 10% from $593,560 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. This property currently has 1 open code violation on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close.

The complete ownership history of this property spans from 2002 to 2009, with 3 recorded transactions in the public record. The current assessed value represents 199% 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 $102 per square foot — a key metric for comparing value across the area's real estate market..