15856 SW 242 ST, Miami-Dade County, FL 33031

15856 SW 242 ST, Miami-Dade County, FL 33031 is a 2-bedroom, 1-bathroom impr agri : residential - single family built in 1941 with 720 square feet of living space on a 402,930 square foot lot. The property is currently owned by AZMIR INVESTMENTS 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 2005-06-01 for $680,000. The property has appreciated $390,000 (134%) since the prior sale of $290,000 on 1984-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $169,230 with a market value of $1,135,430. This breaks down to $1,063,750 for the land and $71,680 for the building. The assessed value increased 9% from $155,721 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 $97,395, and the median home value is $602,600.

The population density is 469 people per square mile. The complete ownership history of this property spans from 1980 to 2005, with 3 recorded transactions in the public record. The current assessed value represents 25% 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 $944 per square foot — a key metric for comparing value across the area's real estate market..