16040 SW 111 TER, The Hammocks, FL 33196

16040 SW 111 TER, The Hammocks, FL 33196 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1993 with 3,051 square feet of living space on a 7,206 square foot lot. The property is currently owned by MARGARITA YUHICO &H RICARDO, 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 1993-12-01 for $175,000. The property sold for $314,100 less than the prior sale of $489,100 on 1992-11-01. The 2025 assessed value is $301,696 with a market value of $635,741.

This breaks down to $283,929 for the land and $351,812 for the building. The assessed value increased 3% from $293,194 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $73,375, and the median home value is $470,900. The population density is 1,520 people per square mile. 16040 SW 111 TER, 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 1992 to 1993, with 2 recorded transactions in the public record. The current assessed value represents 172% 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 $57 per square foot — a key metric for comparing value across The Hammocks's real estate market..