8825 SW 156 TER, Palmetto Bay, FL 33157

8825 SW 156 TER, Palmetto Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1959 with 1,728 square feet of living space on a 15,194 square foot lot. The property is currently owned by JORGE CONCEPCION &W CHERYL CONCEPCION, 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 1979-08-01 for $75,000. The property has appreciated $22,500 (43%) since the prior sale of $52,500 on 1976-01-01. The 2025 assessed value is $300,746 with a market value of $700,828.

This breaks down to $486,208 for the land and $214,620 for the building. The assessed value increased 3% from $292,271 in 2024. The property has the following tax exemptions: homestead.

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. 8825 SW 156 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 1976 to 1979, with 2 recorded transactions in the public record. The current assessed value represents 401% 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 $43 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..