11864 SW 242 TER, Homestead, FL 33032
Parcel: 3069240080490 · Residential - Single Family · 1 Unit · Zoning: 0102
Assessed Value (2025)
$481,112
Property Details
Beds
4
Baths
3
Living Sqft
2,418
Year Built
2022
Lot Sqft
7,076
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$8,449,600
2022-04-18
AG ESSENTIAL HOUSING MULTI → LENNAR HOMES LLC
2
$100non-market transfer
2022-09-29
AG ESSENTIAL HOUSING MS 4 → LENNAR HOMES LLC
3
$600,000
2022-11-09
LENNAR HOMES LLC → PAOLA HERNANDEZ
4
$600,000
2022-11-15
Tax Assessment History
$481,112
Assessed (2025)
$517,059
Market Value
$430,390
Taxable Value
$8,762
Annual Tax
2024
$467,553
$520,486
2025
$481,112
$517,059
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $481,112 | $517,059 | $430,390 | $8,762 | $181,140 | $335,919 |
| 2024 | $467,553 | $520,486 | $417,553 | $8,501 | $181,140 | $339,346 |
About 11864 SW 242 TER, Homestead, FL 33032
11864 SW 242 TER, Homestead, FL 33032 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 2022 with 2,418 square feet of living space on a 7,076 square foot lot. The property is currently owned by PAOLA HERNANDEZ FABIAN HERNANDEZ, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2022-11-15 for $600,000. There are 4 recorded sales for this property. The 2025 assessed value is $481,112 with a market value of $517,059.
This breaks down to $181,140 for the land and $335,919 for the building. The assessed value increased 3% from $467,553 in 2024. The property has the following tax exemptions: homestead.
The median household income in this area is $93,706, and the median home value is $420,100. The population density is 5,816 people per square mile. There are active mortgage liens totaling $547,381 recorded against this property.
11864 SW 242 TER, Homestead, FL 33032 is located in Homestead, Florida. Property records, tax assessments, sales history, and ownership information for this Homestead property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2022 to 2022, with 4 recorded transactions in the public record.
The current assessed value represents 80% of the most recent sale price. Based on the most recent sale, this property traded at $248 per square foot — a key metric for comparing value across Homestead's real estate market..
Building Permits (2)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2024144063 | building | F | $3,670 | ||
| C2024017767 | building | F | $16,150 |
Current Owner
PAOLA HERNANDEZ FABIAN HERNANDEZ
11864 SW 242 TER, MIAMI, FL, 33032
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$3,286 — $5,611
Flood $400 — $800
Property/Wind $2,886 — $4,811
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$93,706
Median Home Value$420,100
Pop. Density5,816/sq mi
Neighborhood 11864
100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
31
Mortgages
ACTIVE
$569,991
LENNAR MORTGAGE LLC · 2022-11-15
Est. Total Balance $547,381
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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