24974 SW 118 PL, Homestead, FL 33032

Parcel: 3069250161640 · Residential - Single Family · Cluster Home · Zoning: 0102

Assessed Value (2025)
$352,109

Property Details

Beds
5
Baths
4
Living Sqft
2,846
Year Built
2014
Lot Sqft
5,192
Stories
2
RESIDENTIAL - SINGLE FAMILY : CLUSTER HOME

Sales History

1
$4,895,000
2013-03-05
HPT HOLDINGS LLCD R HORTON INC
2
$327,265-93%
2014-03-28
D R HORTON INCRUBEN ARCE JR

Tax Assessment History

$352,109
Assessed (2025)
$493,844
Market Value
$301,387
Taxable Value
$6,136
Annual Tax
2024
$342,186
$532,554
2025
$352,109
$493,844
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $352,109 $493,844 $301,387 $6,136
2024 $342,186 $532,554 $292,186 $5,949

About 24974 SW 118 PL, Homestead, FL 33032

24974 SW 118 PL, Homestead, FL 33032 is a 5-bedroom, 4-bathroom residential - single family : cluster home built in 2014 with 2,846 square feet of living space on a 5,192 square foot lot. The property is currently owned by RUBEN ARCE JR TIFFANY A BONILLA, 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 2014-03-28 for $327,265, when D R HORTON INC sold to RUBEN ARCE JR. The property sold for $4,567,735 less than the prior sale of $4,895,000 on 2013-03-05. The 2025 assessed value is $352,109 with a market value of $493,844.

This breaks down to $157,976 for the land and $335,868 for the building. The assessed value increased 3% from $342,186 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $84,352, and the median home value is $415,800. The population density is 11,082 people per square mile. 24974 SW 118 PL, 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 2013 to 2014, with 2 recorded transactions in the public record. The current assessed value represents 108% of the most recent sale price.

Based on the most recent sale, this property traded at $115 per square foot — a key metric for comparing value across Homestead's real estate market..

Building Permits (3)

Permit #TypeStatusCost
C2026032374 electrical F
C2026032293 plumbing F
C2026021701 building F

Current Owner

RUBEN ARCE JR TIFFANY A BONILLA
24974 SW 118 PL, MIAMI, FL, 33032
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$2,512 — $4,321
Flood $400 — $800
Property/Wind $2,112 — $3,521

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$84,352
Median Home Value$415,800
Pop. Density11,082/sq mi

Neighborhood 24974

100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
LOW
14
View full risk analysis →
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