8415 SW 87 TER, South Miami, FL 33143
Parcel: 3040340140270 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$543,788
Property Details
Beds
3
Baths
2
Living Sqft
2,874
Year Built
1968
Lot Sqft
12,285
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$346,000
2003-08-01
2
$570,000+65%
2014-07-16
DANIEL A PUIG &W ANNA L → RAFAEL FERNANDEZ JTRS
3
$100non-market transfer
2019-12-17
RAFAEL FERNANDEZ JTRS → RAFAEL M FERNANDEZ
Tax Assessment History
$543,788
Assessed (2025)
$884,477
Market Value
$493,066
Taxable Value
$10,038
Annual Tax
2024
$528,463
$736,756
2025
$543,788
$884,477
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $543,788 | $884,477 | $493,066 | $10,038 | $544,088 | $340,389 |
| 2024 | $528,463 | $736,756 | $478,463 | $9,741 | $395,700 | $341,056 |
About 8415 SW 87 TER, South Miami, FL 33143
8415 SW 87 TER, South Miami, FL 33143 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1968 with 2,874 square feet of living space on a 12,285 square foot lot. The property is currently owned by RAFAEL M FERNANDEZ, 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 2019-12-17 for $100, when RAFAEL FERNANDEZ JTRS sold to RAFAEL M FERNANDEZ. The property sold for $569,900 less than the prior sale of $570,000 on 2014-07-16. There are 3 recorded sales for this property.
The 2025 assessed value is $543,788 with a market value of $884,477. This breaks down to $544,088 for the land and $340,389 for the building. The assessed value increased 3% from $528,463 in 2024.
The property has the following tax exemptions: homestead. The median household income in this area is $150,809, and the median home value is $814,900. The population density is 3,263 people per square mile.
This property currently has 1 open code violation on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close. 8415 SW 87 TER, South Miami, FL 33143 is located in South Miami, Florida.
Property records, tax assessments, sales history, and ownership information for this South Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2003 to 2019, with 3 recorded transactions in the public record..
Building Permits (3)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2025074245 | building | F | $32,352 | ||
| W2025060427 | building | F | — | ||
| C2023124749 | electrical | F | — |
Code Violations 1 open
20170184501 open
2017-06-27
Distress Signals
- 1 open code violation
Current Owner
RAFAEL M FERNANDEZ
8415 SW 87 TER, MIAMI, FL, 33143
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$6,925 — $12,763
Flood $400 — $800
Property/Wind $6,525 — $11,963
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$150,809
Median Home Value$814,900
Pop. Density3,263/sq mi
Neighborhood 33143
46.7%
Owner-Occ
53.3%
Investor
206
Flips (4yr)
5,250
New Biz (3yr)
Distress Risk
MODERATE
39
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