7987 SW 157 ST, Palmetto Bay, FL 33157

7987 SW 157 ST, Palmetto Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1955 with 2,777 square feet of living space on a 49,658 square foot lot. The property is currently owned by JONATHAN D FRANKLIN &W LORI, 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 2005-03-01 for $935,000. The property has appreciated $490,000 (110%) since the prior sale of $445,000 on 2001-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $689,881 with a market value of $1,742,849. This breaks down to $1,291,108 for the land and $451,741 for the building. The assessed value increased 3% from $670,439 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.

7987 SW 157 ST, 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 1997 to 2005, with 3 recorded transactions in the public record.

The current assessed value represents 74% of the most recent sale price. Based on the most recent sale, this property traded at $337 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..