7240 SW 146 TER, Palmetto Bay, FL 33158

7240 SW 146 TER, Palmetto Bay, FL 33158 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 1970 with 3,150 square feet of living space on a 21,655 square foot lot. The property is currently owned by JOHN LAWRENCE VANESSA LAWRENCE, 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 2019-06-17 for $400,000, when CJL CAPITAL LLC sold to JOHN LAWRENCE. The property sold for $319,500 less than the prior sale of $719,500 on 2018-06-14. There are 3 recorded sales for this property.

The 2025 assessed value is $651,529 with a market value of $1,183,713. This breaks down to $757,925 for the land and $425,788 for the building. The assessed value increased 3% from $633,168 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. There are active mortgage liens totaling $346,706 recorded against this property.

7240 SW 146 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 2013 to 2019, with 3 recorded transactions in the public record.

The current assessed value represents 163% 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 $127 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..