18600 SW 240 ST, Miami-Dade County, FL 33031

18600 SW 240 ST, Miami-Dade County, FL 33031 is a 4-bedroom, 3-bathroom impr agri - not homesites : 2 living units built in 1990 with 3,601 square feet of living space on a 211,701 square foot lot. The property is currently owned by STEPHEN W LEE &W LAURIE ANN, 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 2000-06-01 for $355,000. The property has appreciated $105,000 (42%) since the prior sale of $250,000 on 1992-08-01. The 2025 assessed value is $510,522 with a market value of $1,055,431.

This breaks down to $631,800 for the land and $423,631 for the building. The assessed value increased 4% from $491,643 in 2024. The property has the following tax exemptions: homestead.

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 $71,250, and the median home value is $437,500.

The population density is 352 people per square mile. The complete ownership history of this property spans from 1992 to 2000, with 2 recorded transactions in the public record. The current assessed value represents 144% 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 $99 per square foot — a key metric for comparing value across the area's real estate market..