8620 SW 161 TER, Palmetto Bay, FL 33157

8620 SW 161 TER, Palmetto Bay, FL 33157 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1967 with 2,553 square feet of living space on a 15,065 square foot lot. The property is currently owned by STEPHEN ROBERT BALDWIN TRS N & S BALDWIN REVOC LIVING TRUST, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

There are 5 recorded sales for this property. The 2025 assessed value is $296,651 with a market value of $793,045. This breaks down to $497,145 for the land and $295,900 for the building.

The assessed value increased 3% from $288,291 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 $160,809, and the median home value is $724,500. The population density is 4,676 people per square mile.

8620 SW 161 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 1978 to 2023, with 5 recorded transactions in the public record..