15805 SW 242 ST, Miami-Dade County, FL 33031

15805 SW 242 ST, Miami-Dade County, FL 33031 is a 4-bedroom, 3-bathroom multifamily 2-9 units : 2 living units built in 1975 with 2,220 square feet of living space on a 40,293 square foot lot. The property is currently owned by BLUE TANGO RENTALS 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 2025-05-06 for $880,000. There are 3 recorded sales for this property. The 2025 assessed value is $327,190 with a market value of $605,807.

This breaks down to $277,500 for the land and $328,307 for the building. The assessed value increased 5% from $313,036 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 complete ownership history of this property spans from 2002 to 2025, with 3 recorded transactions in the public record. The current assessed value represents 37% 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 $396 per square foot — a key metric for comparing value across the area's real estate market..