8040 SW 162 ST, Palmetto Bay, FL 33157

8040 SW 162 ST, Palmetto Bay, FL 33157 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 1977 with 2,797 square feet of living space on a 14,888 square foot lot. The property is currently owned by GARTH WOODS LORRAINE WOODS, 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 2019-09-23 for $650,000, when JOHN MASON OLSON sold to GARTH WOODS. There are 3 recorded sales for this property. The 2025 assessed value is $589,381 with a market value of $891,093.

This breaks down to $491,304 for the land and $399,789 for the building. The assessed value increased 3% from $572,771 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. There are active mortgage liens totaling $478,835 recorded against this property.

8040 SW 162 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 1996 to 2019, with 3 recorded transactions in the public record.

The current assessed value represents 91% of the most recent sale price. Based on the most recent sale, this property traded at $232 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..