16037 SW 74 PL, Palmetto Bay, FL 33157

16037 SW 74 PL, Palmetto Bay, FL 33157 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 1974 with 2,312 square feet of living space on a 17,766 square foot lot. The property is currently owned by HOWARD NEWMAN JR &W KATHERINE, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2004-12-01 for $579,000. The property has appreciated $464,000 (403%) since the prior sale of $115,000 on 1978-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $708,730 with a market value of $931,149. This breaks down to $550,746 for the land and $380,403 for the building. The assessed value increased 10% from $644,300 in 2024.

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. 16037 SW 74 PL, 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 1975 to 2004, with 3 recorded transactions in the public record. The current assessed value represents 122% 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 $250 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..