12862 SW 198 TER, South Miami Heights, FL 33177

Parcel: 3069020251430 · Residential - Single Family · 1 Unit · Zoning: 2100

Assessed Value (2025)
$460,824

Property Details

Beds
5
Baths
4
Living Sqft
2,612
Year Built
2005
Lot Sqft
12,742
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$425,000
2017-05-01
KARL PRIDEMOREIVAN MARTIN
2
$560,000+32%
2019-01-18
IVAN MARTINBRITNEY HOMES LLC
3
$899,000+61%
2023-09-21
BRITNEY HOMES LLCJOSEPH ROGER ESTINVIL
4
$899,000
2023-09-28

Tax Assessment History

$460,824
Assessed (2025)
$717,667
Market Value
$410,102
Taxable Value
$8,349
Annual Tax
2024
$447,837
$722,739
2025
$460,824
$717,667
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $460,824 $717,667 $410,102 $8,349
2024 $447,837 $722,739 $397,837 $8,100

About 12862 SW 198 TER, South Miami Heights, FL 33177

12862 SW 198 TER, South Miami Heights, FL 33177 is a 5-bedroom, 4-bathroom residential - single family : 1 unit built in 2005 with 2,612 square feet of living space on a 12,742 square foot lot. The property is currently owned by JOSEPH ROGER ESTINVIL ROSE MERY ESTINVIL, 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 2023-09-28 for $899,000. There are 4 recorded sales for this property. The 2025 assessed value is $460,824 with a market value of $717,667.

This breaks down to $254,840 for the land and $462,827 for the building. The assessed value increased 3% from $447,837 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $140,000, and the median home value is $397,700. The population density is 3,602 people per square mile. There are active mortgage liens totaling $581,307 recorded against this property.

12862 SW 198 TER, South Miami Heights, FL 33177 is located in South Miami Heights, Florida. Property records, tax assessments, sales history, and ownership information for this South Miami Heights property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2017 to 2023, with 4 recorded transactions in the public record.

The current assessed value represents 51% 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 $344 per square foot — a key metric for comparing value across South Miami Heights's real estate market..

Current Owner

JOSEPH ROGER ESTINVIL ROSE MERY ESTINVIL
12862 SW 198 TER, MIAMI, FL, 33177
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$3,164 — $5,408
Flood $400 — $800
Property/Wind $2,764 — $4,608

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$140,000
Median Home Value$397,700
Pop. Density3,602/sq mi

Neighborhood 12862

100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
LOW
20
View full risk analysis →

Mortgages

ACTIVE
$599,000
~$581,307 bal.
FOUNDATION LENDERS INC · 2023-09-28
Est. Total Balance $581,307
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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