7221 SW 76 TER, South Miami, FL 33143
Parcel: 3040350590030 · Residential - Single Family · 1 Unit · Zoning: 2300
Assessed Value (2025)
$1,803,758
Property Details
Beds
5
Baths
5.5
Living Sqft
3,935
Year Built
2024
Lot Sqft
13,164
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$2,997,900
2024-03-21
CENTURY HOMEBUILDERS GROUP LLC → JORGE ALFREDO RINCON
Tax Assessment History
$1,803,758
Assessed (2025)
$2,061,000
Market Value
$1,753,036
Taxable Value
$35,690
Annual Tax
2024
$434,412
$526,560
2025
$1,803,758
$2,061,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $1,803,758 | $2,061,000 | $1,753,036 | $35,690 | $789,840 | $1,271,160 |
| 2024 | $434,412 | $526,560 | $434,412 | $8,844 | $526,560 | $0 |
About 7221 SW 76 TER, South Miami, FL 33143
7221 SW 76 TER, South Miami, FL 33143 is a 5-bedroom, 5.5-bathroom residential - single family : 1 unit built in 2024 with 3,935 square feet of living space on a 13,164 square foot lot. The property is currently owned by JORGE ALFREDO RINCON CRISTINA MARIA ALBACETE, 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 2024-03-21 for $2,997,900, when CENTURY HOMEBUILDERS GROUP LLC sold to JORGE ALFREDO RINCON . The 2025 assessed value is $1,803,758 with a market value of $2,061,000. This breaks down to $789,840 for the land and $1,271,160 for the building.
The assessed value increased 315% from $434,412 in 2024. The property has the following tax exemptions: homestead. The median household income in this area is $62,096, and the median home value is $274,600.
The population density is 6,883 people per square mile. There are active mortgage liens totaling $2,044,433 recorded against this property. 7221 SW 76 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 current assessed value represents 60% 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.
Based on the most recent sale, this property traded at $762 per square foot — a key metric for comparing value across South Miami's real estate market..
Building Permits (10)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2024042477 | plumbing | F | $600 | ||
| C2024040612 | lpgx | F | — | ||
| W2024034419 | mechanical | F | — | ||
| W2024007507 | electrical | F | — | ||
| C2023175409 | plumbing | F | — | ||
| W2023174021 | electrical | F | — | ||
| C2023120998 | building | F | $20,850 | ||
| C2023127015 | building | F | — | ||
| W2023106322 | mechanical | F | — | ||
| W2023100152 | building | F | — |
Current Owner
JORGE ALFREDO RINCON CRISTINA MARIA ALBACETE
7221 SW 76 TER, MIAMI, FL, 33143
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$11,222 — $18,837
Flood $400 — $800
Property/Wind $10,822 — $18,037
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$62,096
Median Home Value$274,600
Pop. Density6,883/sq mi
Neighborhood 33143
46.7%
Owner-Occ
53.3%
Investor
206
Flips (4yr)
5,250
New Biz (3yr)
Distress Risk
MODERATE
39
Mortgages
ACTIVE 6.375% rate
$2,098,470
REGIONS BANK · 2024-04-17
1 satisfied mortgage
SATISFIED 2024-03-28
$2,098,470
REGIONS BANK
Est. Total Balance $2,044,433
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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