8181 RICHMOND DR, Palmetto Bay, FL 33157

8181 RICHMOND DR, Palmetto Bay, FL 33157 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1953 with 2,942 square feet of living space on a 33,977 square foot lot. The property is currently owned by MADAN M NAGALDINNE SRIPRIYA VADASSERI, 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 2025-05-29 for $1,650,000. There are 4 recorded sales for this property. The 2025 assessed value is $375,757 with a market value of $1,412,133.

This breaks down to $1,019,310 for the land and $392,823 for the building. The assessed value increased 3% from $365,168 in 2024. The property has the following tax exemptions: homestead.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. 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. There are active mortgage liens totaling $1,305,527 recorded against this property. 8181 RICHMOND DR, 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 1980 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 23% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $561 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..