24380 SW 198 AVE, Miami-Dade County, FL 33031

24380 SW 198 AVE, Miami-Dade County, FL 33031 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1985 with 3,205 square feet of living space on a 16,724 square foot lot. The property is currently owned by COLBY R WALKER CHERYL LYNN WALKER, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2021-02-05 for $400,000, when MARK R BROMLEY sold to COLBY R WALKER. The property has appreciated $220,500 (123%) since the prior sale of $179,500 on 2001-10-01. There are 3 recorded sales for this property.

The 2025 assessed value is $505,478 with a market value of $530,473. This breaks down to $200,688 for the land and $329,785 for the building. The assessed value increased 10% from $459,526 in 2024.

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 1999 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 126% 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 $125 per square foot — a key metric for comparing value across the area's real estate market..