15880 SW 240 ST, Miami-Dade County, FL 33031

15880 SW 240 ST, Miami-Dade County, FL 33031 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1958 with 1,584 square feet of living space on a 40,249 square foot lot. The property is currently owned by JONATHAN FORMAN, 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 1988-02-01 for $98,000. The 2025 assessed value is $169,882 with a market value of $447,347. This breaks down to $277,200 for the land and $170,147 for the building.

The assessed value increased 3% from $165,095 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 $97,395, and the median home value is $602,600. The population density is 469 people per square mile.

The current assessed value represents 173% 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 $62 per square foot — a key metric for comparing value across the area's real estate market..