20740 SW 248 ST, Miami-Dade County, FL 33031

20740 SW 248 ST, Miami-Dade County, FL 33031 is a 4-bedroom, 2-bathroom impr agri - not homesites : 2 living units built in 1938 with 3,460 square feet of living space on a 217,800 square foot lot. The property is currently owned by JOHN W LEON, 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 2016-03-03 for $950,000, when MILLARD JOHN WALTERS sold to JOHN W LEON. The property has appreciated $471,200 (98%) since the prior sale of $478,800 on 2011-02-14. There are 3 recorded sales for this property.

The 2025 assessed value is $590,057 with a market value of $1,130,711. This breaks down to $600,000 for the land and $530,711 for the building. The assessed value increased 3% from $573,669 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 $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 2007 to 2016, with 3 recorded transactions in the public record.

The current assessed value represents 62% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $275 per square foot — a key metric for comparing value across the area's real estate market..