3088 SW 16 TER, Miami, FL 33145

3088 SW 16 TER, Miami, FL 33145 is a 6-bedroom, 4-bathroom multifamily 2-9 units : 2 living units built in 1985 with 2,907 square feet of living space on a 7,200 square foot lot. The property is currently owned by MARIA LUISA GONZALEZ & JOSE L GONZALEZ, 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 1986-01-01 for $130,000. The property has appreciated $80,000 (160%) since the prior sale of $50,000 on 1985-05-01. The 2025 assessed value is $447,896 with a market value of $796,547.

This breaks down to $518,400 for the land and $278,147 for the building. The assessed value increased 8% from $415,009 in 2024. The property has the following tax exemptions: homestead.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $77,772, and the median home value is $545,400.

The population density is 10,553 people per square mile. There are active mortgage liens totaling $207,861 recorded against this property. 3088 SW 16 TER, Miami, FL 33145 is located in Miami, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1985 to 1986, with 2 recorded transactions in the public record. The current assessed value represents 345% 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 $45 per square foot — a key metric for comparing value across Miami's real estate market..