27501 SW 197 AVE, Miami-Dade County, FL 33031

27501 SW 197 AVE, Miami-Dade County, FL 33031 is a impr agri - not homesites : mixed use - commercial built in 2010 with 121 square feet of living space on a 1,650,924 square foot lot. The property is currently owned by TCE 60 LLC, 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 2016-02-04 for $1,439,000, when MEDALLION FORTY ACRES LLC sold to TCE 60 LLC. The property has appreciated $1,438,900 (1438900%) since the prior sale of $100 on 2011-04-28. There are 3 recorded sales for this property.

The 2025 assessed value is $138,613 with a market value of $2,507,363. This breaks down to $2,501,400 for the land and $5,963 for the building. The assessed value decreased 0% from $138,681 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 $102,292, and the median home value is $536,300.

The population density is 889 people per square mile. The complete ownership history of this property spans from 2011 to 2016, with 3 recorded transactions in the public record. The current assessed value represents 10% 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 $11893 per square foot — a key metric for comparing value across the area's real estate market..