17200 SW 248 ST, Miami-Dade County, FL 33031

17200 SW 248 ST, Miami-Dade County, FL 33031 is a impr agri - not homesites : office building built in 1990 with 1,551 square feet of living space on a 368,082 square foot lot. The property is currently owned by ROYAL ACRES 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 2011-03-01 for $2,250,000, when MIAMI TROPICAL PLANTS INC sold to ROYAL ACRES LLC. The property has appreciated $2,180,000 (3114%) since the prior sale of $70,000 on 1978-04-01. There are 3 recorded sales for this property.

The 2025 assessed value is $278,182 with a market value of $1,117,777. This breaks down to $971,750 for the land and $146,027 for the building. The assessed value increased 5% from $263,886 in 2024.

This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential. Flood insurance is typically required. The median household income in this area is $71,250, and the median home value is $437,500.

The population density is 352 people per square mile. The complete ownership history of this property spans from 1977 to 2011, with 3 recorded transactions in the public record. The current assessed value represents 12% 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 $1451 per square foot — a key metric for comparing value across the area's real estate market..