8427 SW 138 TER, Palmetto Bay, FL 33158

8427 SW 138 TER, Palmetto Bay, FL 33158 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1996 with 2,989 square feet of living space on a 12,460 square foot lot. The property is currently owned by MARCOS NEGREIROS VICENTE MARINA DE CAMARGO VOLLET SACHS, 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 2018-01-24 for $818,000, when RICARDO FALERO sold to MARCOS NEGREIROS VICENTE. The property has appreciated $258,000 (46%) since the prior sale of $560,000 on 2003-12-01. There are 3 recorded sales for this property.

The 2025 assessed value is $691,325 with a market value of $1,050,166. This breaks down to $498,400 for the land and $551,766 for the building. The assessed value increased 3% from $671,842 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

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. There are active mortgage liens totaling $322,785 recorded against this property.

8427 SW 138 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 1997 to 2018, with 3 recorded transactions in the public record.

The current assessed value represents 85% of the most recent sale price. Based on the most recent sale, this property traded at $274 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..