16961 SW 278 ST, Miami-Dade County, FL 33031

16961 SW 278 ST, Miami-Dade County, FL 33031 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1981 with 2,393 square feet of living space on a 17,006 square foot lot. The property is currently owned by LEO ABATE &W JOANNE, 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 1986-02-01 for $105,000. The property has appreciated $84,500 (412%) since the prior sale of $20,500 on 1980-06-01. There are 3 recorded sales for this property.

The 2025 assessed value is $233,918 with a market value of $536,993. This breaks down to $240,045 for the land and $296,948 for the building. The assessed value increased 3% from $227,326 in 2024.

The property has the following tax exemptions: homestead. 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 $129,808, and the median home value is $493,800. The population density is 2,220 people per square mile. The complete ownership history of this property spans from 1979 to 1986, with 3 recorded transactions in the public record.

The current assessed value represents 223% 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 $44 per square foot — a key metric for comparing value across the area's real estate market..