11854 SW 248 TER, Homestead, FL 33032

11854 SW 248 TER, Homestead, FL 33032 is a 5-bedroom, 3-bathroom residential - single family : cluster home built in 2016 with 2,901 square feet of living space on a 5,561 square foot lot. The property is currently owned by ALEJANDRO PARERA LOPEZ, 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 2016-09-30 for $360,000, when D R HORTON INC sold to ALEJANDRO PARERA LOPEZ. The property sold for $3,930,000 less than the prior sale of $4,290,000 on 2014-09-09. The 2025 assessed value is $515,462 with a market value of $515,462.

This breaks down to $163,696 for the land and $351,766 for the building. The assessed value decreased 4% from $534,674 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. There are active mortgage liens totaling $297,977 recorded against this property.

11854 SW 248 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 2014 to 2016, with 2 recorded transactions in the public record.

The current assessed value represents 143% 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 $124 per square foot — a key metric for comparing value across Homestead's real estate market..