7940 SW 166 ST, Palmetto Bay, FL 33157
Parcel: 3350270530120 · Vacant Residential · Vacant Land · Zoning: 2100
Assessed Value (2025)
$367,050
Sales History
1
$299,500
1994-05-01
2
N/Anon-market transfer
1995-12-01
3
$65,000
1997-08-01
Tax Assessment History
$367,050
Assessed (2025)
$507,804
Market Value
$367,050
Taxable Value
$7,473
Annual Tax
2024
$333,682
$516,596
2025
$367,050
$507,804
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $367,050 | $507,804 | $367,050 | $7,473 | $507,804 | $0 |
| 2024 | $333,682 | $516,596 | $333,682 | $6,793 | $516,596 | $0 |
About 7940 SW 166 ST, Palmetto Bay, FL 33157
7940 SW 166 ST, Palmetto Bay, FL 33157 is a property. The property is currently owned by JULIO A IBANEZ &W MARIA A, 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 1997-08-01 for $65,000. There are 3 recorded sales for this property. The 2025 assessed value is $367,050 with a market value of $507,804.
The assessed value increased 10% from $333,682 in 2024. 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. 7940 SW 166 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 1994 to 1997, with 3 recorded transactions in the public record. The current assessed value represents 565% 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..
Current Owner
JULIO A IBANEZ &W MARIA A
7941 SW 167 ST, MIAMI, FL, 33157
Since: 2026-04-19
View owner profile →
Flood Zone
Zone AE
Special Flood Hazard Area
Est. Annual Insurance
$4,070 — $7,406
Flood $400 — $800
Property/Wind $3,670 — $6,606
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$216,711
Median Home Value$866,300
Pop. Density2,542/sq mi
Neighborhood 33157
46.3%
Owner-Occ
53.7%
Investor
161
Flips (4yr)
2,488
New Biz (3yr)
Distress Risk
MODERATE
36
Zoom in to see property sales