20951 SW 242 ST, Miami-Dade County, FL 33031

20951 SW 242 ST, Miami-Dade County, FL 33031 is a 5-bedroom, 3.5-bathroom residential - single family : 1 unit built in 1997 with 3,417 square feet of living space on a 54,450 square foot lot. The property is currently owned by LILY PROPERTY MANAGEMENT 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 2017-10-04 for $451,000, when DEUTSCHE BANK NATL TRUST CO TRS sold to LILY PROPERTY MANAGEMENT LLC. The property has appreciated $381,000 (544%) since the prior sale of $70,000 on 2014-06-11. There are 3 recorded sales for this property.

The 2025 assessed value is $836,469 with a market value of $915,952. This breaks down to $375,000 for the land and $540,952 for the building. The assessed value increased 10% from $760,427 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 2006 to 2017, with 3 recorded transactions in the public record. The current assessed value represents 185% 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 $132 per square foot — a key metric for comparing value across the area's real estate market..