8947 NW 172 TER, Miami-Dade County, FL 33018

8947 NW 172 TER, Miami-Dade County, FL 33018 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 2001 with 1,972 square feet of living space on a 9,443 square foot lot. The property is currently owned by 8947 NW 172 LLC, 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 2025-05-06 for $765,000. There are 4 recorded sales for this property. The 2025 assessed value is $262,193 with a market value of $658,425.

This breaks down to $296,502 for the land and $361,923 for the building. The assessed value increased 3% from $254,804 in 2024. The property has the following tax exemptions: homestead.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $130,625, and the median home value is $605,000.

The population density is 6,402 people per square mile. The complete ownership history of this property spans from 2001 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 34% 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. There are 2 active building permits on this property with a combined estimated cost of $20,850, indicating ongoing construction or renovation work. Based on the most recent sale, this property traded at $388 per square foot — a key metric for comparing value across the area's real estate market..