7405 SW 157 TER, Palmetto Bay, FL 33157

7405 SW 157 TER, Palmetto Bay, FL 33157 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1975 with 3,626 square feet of living space on a 17,750 square foot lot. The property is currently owned by FENFEI LENG HONGYU LUO, 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 2010-10-01 for $462,000, when ANNA MARIE SADKIN TRS sold to FENFEI LENG. The property has appreciated $461,900 (461900%) since the prior sale of $100 on 2010-10-01. There are 3 recorded sales for this property.

The 2025 assessed value is $606,257 with a market value of $1,182,840. This breaks down to $621,250 for the land and $561,590 for the building. The assessed value increased 3% from $589,172 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.

7405 SW 157 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 2005 to 2010, with 3 recorded transactions in the public record.

The current assessed value represents 131% 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..