18940 SW 240 ST, Miami-Dade County, FL 33031

18940 SW 240 ST, Miami-Dade County, FL 33031 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1953 with 1,952 square feet of living space on a 42,253 square foot lot. The property is currently owned by MARIA I FERNANDEZ, 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 1998-12-01 for $135,000. The 2025 assessed value is $208,296 with a market value of $464,894. This breaks down to $291,000 for the land and $173,894 for the building.

The assessed value increased 3% from $202,426 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 $71,250, and the median home value is $437,500. The population density is 352 people per square mile.

The current assessed value represents 154% 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 $69 per square foot — a key metric for comparing value across the area's real estate market..