7027 SW 148 TER, Palmetto Bay, FL 33158

7027 SW 148 TER, Palmetto Bay, FL 33158 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 1969 with 2,620 square feet of living space on a 21,307 square foot lot. The property is currently owned by JAMES G GREGORY SUSANA GREGORY, 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 2012-06-29 for $375,000, when JOSE R SANCHEZ &W LILLIAM T sold to JAMES G GREGORY. The property sold for $235,000 less than the prior sale of $610,000 on 2006-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $1,119,867 with a market value of $1,119,867. This breaks down to $745,745 for the land and $374,122 for the building. The assessed value increased 38% from $809,442 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X.

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. 7027 SW 148 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 1973 to 2012, with 3 recorded transactions in the public record. The current assessed value represents 299% 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 $143 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..