31740 SW 197 AVE, Miami-Dade County, FL 33030

31740 SW 197 AVE, Miami-Dade County, FL 33030 is a 3-bedroom, 2-bathroom impr agri : residential - single family built in 1979 with 2,184 square feet of living space on a 103,237 square foot lot. The property is currently owned by GANESH LAKSHMI LLC, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2017-08-01 for $400,000, when JENNIFER LORENZO sold to GANESH LAKSHMI LLC. The property has appreciated $233,000 (140%) since the prior sale of $167,000 on 2014-03-19. There are 3 recorded sales for this property.

The 2025 assessed value is $492,427 with a market value of $741,687. This breaks down to $237,000 for the land and $504,687 for the building. The assessed value increased 10% from $447,875 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 $107,073, and the median home value is $457,700.

The population density is 6 people per square mile. The complete ownership history of this property spans from 2013 to 2017, with 3 recorded transactions in the public record. The current assessed value represents 123% 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 $183 per square foot — a key metric for comparing value across the area's real estate market..