16940 SW 278 ST, Miami-Dade County, FL 33031

16940 SW 278 ST, Miami-Dade County, FL 33031 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1987 with 1,869 square feet of living space on a 43,996 square foot lot. The property is currently owned by BRENDA Y WEBB & ASHLEIGH M WEBB, 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 1998-11-01 for $185,000. The property has appreciated $23,000 (14%) since the prior sale of $162,000 on 1995-01-01. There are 3 recorded sales for this property.

The 2025 assessed value is $655,485 with a market value of $655,485. This breaks down to $373,966 for the land and $281,519 for the building. The assessed value increased 2% from $643,248 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 1987 to 1998, with 3 recorded transactions in the public record.

The current assessed value represents 354% 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 $99 per square foot — a key metric for comparing value across the area's real estate market..