24225 SW 198 AVE, Miami-Dade County, FL 33031

24225 SW 198 AVE, Miami-Dade County, FL 33031 is a 5-bedroom, 4-bathroom residential - single family : 1 unit built in 2008 with 2,722 square feet of living space on a 16,907 square foot lot. The property is currently owned by DULCE CORDOVA &H ARTURO, 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 2007-04-01 for $92,500. The property has appreciated $45,000 (95%) since the prior sale of $47,500 on 2004-09-01. The 2025 assessed value is $354,359 with a market value of $703,378.

This breaks down to $202,884 for the land and $500,494 for the building. The assessed value increased 3% from $344,373 in 2024. The property has the following tax exemptions: homestead.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. 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 2004 to 2007, with 2 recorded transactions in the public record. The current assessed value represents 383% 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 $34 per square foot — a key metric for comparing value across the area's real estate market..