12511 SW 251 TER, Homestead, FL 33032

12511 SW 251 TER, Homestead, FL 33032 is a 3-bedroom, 2-bathroom residential - single family : cluster home built in 1984 with 1,323 square feet of living space on a 3,825 square foot lot. The property is currently owned by MIGUEL ALVAREZ LOPEZ YARLETIS ALVAREZ PACHECO, 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 2021-09-13 for $145,000, when CARLOS L ALVAREZ sold to MIGUEL ALVAREZ LOPEZ. The property has appreciated $40,000 (38%) since the prior sale of $105,000 on 2013-06-28. There are 3 recorded sales for this property.

The 2025 assessed value is $253,302 with a market value of $274,944. This breaks down to $145,350 for the land and $129,594 for the building. The assessed value increased 3% from $246,164 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 $74,842, and the median home value is $308,700. The population density is 9,037 people per square mile. There are active mortgage liens totaling $165,113 recorded against this property.

12511 SW 251 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 2012 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 175% 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 $110 per square foot — a key metric for comparing value across Homestead's real estate market..