15203 SW 118 TER, The Hammocks, FL 33196

15203 SW 118 TER, The Hammocks, FL 33196 is a 5-bedroom, 3-bathroom residential - single family : cluster home built in 2012 with 2,565 square feet of living space on a 5,590 square foot lot. The property is currently owned by VICTOR JOSE DIONICIO RAMIREZ, 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 2012-12-20 for $352,220, when LENNAR HOMES LLC sold to VICTOR JOSE DIONICIO RAMIREZ. The property sold for $14,965,980 less than the prior sale of $15,318,200 on 2010-12-31. The 2025 assessed value is $496,830 with a market value of $580,497.

This breaks down to $264,750 for the land and $315,747 for the building. The assessed value increased 10% from $451,664 in 2024. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential.

Flood insurance is typically required. The median household income in this area is $114,250, and the median home value is $468,200. The population density is 10,920 people per square mile.

15203 SW 118 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 2010 to 2012, with 2 recorded transactions in the public record.

The current assessed value represents 141% 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 $137 per square foot — a key metric for comparing value across The Hammocks's real estate market..