7400 SW 140 TER, Palmetto Bay, FL 33158

7400 SW 140 TER, Palmetto Bay, FL 33158 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1959 with 2,124 square feet of living space on a 15,125 square foot lot. The property is currently owned by JOSE A ALVAREZ SOPHIA C ALVAREZ, 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 2018-11-21 for $440,000, when WILLIAM & MARTHA DIAZ F TRS sold to JOSE A ALVAREZ. There are 3 recorded sales for this property. The 2025 assessed value is $543,545 with a market value of $946,492.

This breaks down to $544,500 for the land and $401,992 for the building. The assessed value increased 3% from $528,227 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 $170,813, and the median home value is $1,035,600.

The population density is 1,945 people per square mile. 7400 SW 140 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 2005 to 2018, with 3 recorded transactions in the public record. The current assessed value represents 124% 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 $207 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..