7240 SW 164 TER, Palmetto Bay, FL 33157

7240 SW 164 TER, Palmetto Bay, FL 33157 is a 4-bedroom, 4-bathroom residential - single family : 1 unit built in 2020 with 3,620 square feet of living space on a 7,200 square foot lot. The property is currently owned by JON RIDLEY NATALIA SALAS, 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 2020-12-28 for $1,100,000, when OLD CUTLER PROPERTIES LLC sold to JON RIDLEY. The property has appreciated $1,005,000 (1058%) since the prior sale of $95,000 on 2004-04-01. The 2025 assessed value is $912,433 with a market value of $1,241,230.

This breaks down to $252,000 for the land and $989,230 for the building. The assessed value increased 3% from $886,719 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $216,711, and the median home value is $866,300. The population density is 2,542 people per square mile. 7240 SW 164 TER, Palmetto Bay, FL 33157 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 2004 to 2020, with 2 recorded transactions in the public record. The current assessed value represents 83% of the most recent sale price.

Based on the most recent sale, this property traded at $304 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..