16508 SW 88 ST, The Hammocks, FL 33196
Parcel: 3059050280010 · Community Shopping Center · Retail Outlet · Zoning: 6200
Assessed Value (2025)
$17,400,000
Property Details
Living Sqft
84,814
Year Built
2007
Lot Sqft
297,800
Stories
2
COMMUNITY SHOPPING CENTER : RETAIL OUTLET
Sales History
1
N/Anon-market transfer
2011-06-07
POINTE AT KENDALL LLC → KENDALL POINTE LLC
2
$16,500,000
2017-04-05
KENDALL POINTE LLC → NBIM KENDALL LP
3
$22,350,000+35%
2021-03-15
NBIM KENDALL LP → ARLINGTON MASS LLC
Tax Assessment History
$17,400,000
Assessed (2025)
$17,400,000
Market Value
$17,400,000
Taxable Value
$354,250
Annual Tax
2024
$17,395,390
2025
$17,400,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $17,400,000 | $17,400,000 | $17,400,000 | $354,250 | $10,423,000 | $6,977,000 |
| 2024 | $17,395,390 | $17,395,390 | $17,395,390 | $354,156 | $10,423,000 | $6,972,390 |
About 16508 SW 88 ST, The Hammocks, FL 33196
16508 SW 88 ST, The Hammocks, FL 33196 is a community shopping center : retail outlet built in 2007 with 84,814 square feet of living space on a 297,800 square foot lot. The property is currently owned by ARLINGTON MASS LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2021-03-15 for $22,350,000, when NBIM KENDALL LP sold to ARLINGTON MASS LLC. The property has appreciated $5,850,000 (35%) since the prior sale of $16,500,000 on 2017-04-05. There are 3 recorded sales for this property.
The 2025 assessed value is $17,400,000 with a market value of $17,400,000. This breaks down to $10,423,000 for the land and $6,977,000 for the building. The assessed value increased 0% from $17,395,390 in 2024.
The median household income in this area is $86,795, and the median home value is $453,900. The population density is 3,241 people per square mile. 16508 SW 88 ST, The Hammocks, FL 33196 is located in The Hammocks, Florida.
Property records, tax assessments, sales history, and ownership information for this The Hammocks property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2011 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 78% of the most recent sale price.
There are 3 active building permits on this property with a combined estimated cost of $70, indicating ongoing construction or renovation work. Based on the most recent sale, this property traded at $264 per square foot — a key metric for comparing value across The Hammocks's real estate market..
Building Permits (24)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2026018085 | electrical | A | $70 | ||
| C2026039371 | electrical | A | — | ||
| C2025140630 | electrical | F | — | ||
| C2025071085 | mechanical | F | — | ||
| W2025089682 | mechanical | F | — | ||
| C2025072812 | electrical | F | — | ||
| C2025072421 | fire | F | — | ||
| C2025069129 | electrical | F | — | ||
| W2025051764 | electrical | F | — | ||
| C2025022113 | mechanical | A | — | ||
| W2025025827 | mechanical | F | — | ||
| C2025023190 | plumbing | F | — | ||
| C2024160944 | building | F | $263,066 | ||
| C2024136770 | electrical | F | $10,000 | ||
| C2023072490 | building | F | $6,000 |
Showing 15 of 24 permits
Current Owner
ARLINGTON MASS LLC
1550 MADRUGA AVE 120, MIAMI, FL, 33146
Since: 2026-03-29
View owner profile →
People Behind This Entity
Est. Annual Insurance
$104,800 — $174,800
Flood $400 — $800
Property/Wind $104,400 — $174,000
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$86,795
Median Home Value$453,900
Pop. Density3,241/sq mi
Neighborhood 16508
100%
Owner-Occ
0%
Investor
1
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
24
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