8491 SW 147 TER, Palmetto Bay, FL 33158

8491 SW 147 TER, Palmetto Bay, FL 33158 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1969 with 2,123 square feet of living space on a 15,000 square foot lot. The property is currently owned by NORMAN T LEE JTRS CARMEN M LEE JTRS, 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 2014-11-25 for $67,500, when NORMAN T LEE sold to NORMAN T LEE JTRS. The property sold for $61,000 less than the prior sale of $128,500 on 1987-07-01. There are 3 recorded sales for this property.

The 2025 assessed value is $267,865 with a market value of $834,803. This breaks down to $540,000 for the land and $294,803 for the building. The assessed value increased 3% from $260,316 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $106,801, and the median home value is $825,900. The population density is 3,364 people per square mile.

8491 SW 147 TER, Palmetto Bay, FL 33158 is located in Palmetto Bay, Florida. Property records, tax assessments, sales history, and ownership information for this Palmetto Bay property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1984 to 2014, with 3 recorded transactions in the public record.

The current assessed value represents 397% 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 $32 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..