8040 SW 163 ST, Palmetto Bay, FL 33157

8040 SW 163 ST, Palmetto Bay, FL 33157 is a 5-bedroom, 5-bathroom residential - single family : 1 unit built in 1969 with 3,811 square feet of living space on a 17,040 square foot lot. The property is currently owned by JOSEPH A GUTIERREZ, 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 2010-09-10 for $430,000, when JOHN F PEREZ &W sold to JOSEPH A GUTIERREZ. The property has appreciated $20,000 (5%) since the prior sale of $410,000 on 2003-10-01. There are 3 recorded sales for this property.

The 2025 assessed value is $707,613 with a market value of $1,163,639. This breaks down to $562,320 for the land and $601,319 for the building. The assessed value increased 3% from $687,671 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.

8040 SW 163 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 1971 to 2010, with 3 recorded transactions in the public record.

The current assessed value represents 165% 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 $113 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..