8560 SW 163 TER, Palmetto Bay, FL 33157

8560 SW 163 TER, Palmetto Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1969 with 1,816 square feet of living space on a 18,000 square foot lot. The property is currently owned by VICTOR MANUEL BOLIVAR LEANDRO JOYCE ILENN PARRA RAMIREZ, 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 2020-09-17 for $585,000, when JOHN AUBREY LONG sold to VICTOR MANUEL BOLIVAR LEANDRO . The property has appreciated $49,500 (9%) since the prior sale of $535,500 on 2018-03-30. There are 3 recorded sales for this property.

The 2025 assessed value is $870,279 with a market value of $876,530. This breaks down to $594,000 for the land and $282,530 for the building. The assessed value increased 3% from $845,753 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. 8560 SW 163 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 2007 to 2020, with 3 recorded transactions in the public record. The current assessed value represents 149% 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 $322 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..