8640 SW 159 ST, Palmetto Bay, FL 33157

Parcel: 3350280051480 · Residential - Single Family · 1 Unit · Zoning: 2100

Assessed Value (2025)
$607,608

Property Details

Beds
5
Baths
3
Living Sqft
2,772
Year Built
1965
Lot Sqft
16,698
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
N/Anon-market transfer
1995-05-01
2
$63,400
2003-04-01
3
$635,000+902%
2015-07-27
NICO BISSCHOP &W YASMIN ARIBU JAIME BORJA LASCURAIN

Tax Assessment History

$607,608
Assessed (2025)
$982,180
Market Value
$556,886
Taxable Value
$11,338
Annual Tax
2024
$590,484
$955,188
2025
$607,608
$982,180
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $607,608 $982,180 $556,886 $11,338
2024 $590,484 $955,188 $540,484 $11,004

About 8640 SW 159 ST, Palmetto Bay, FL 33157

8640 SW 159 ST, Palmetto Bay, FL 33157 is a 5-bedroom, 3-bathroom residential - single family : 1 unit built in 1965 with 2,772 square feet of living space on a 16,698 square foot lot. The property is currently owned by JAIME BORJA LASCURAIN SOFIA VERTIZ BORJA, 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 2015-07-27 for $635,000, when NICO BISSCHOP &W YASMIN ARIBU sold to JAIME BORJA LASCURAIN. The property has appreciated $571,600 (902%) since the prior sale of $63,400 on 2003-04-01. There are 3 recorded sales for this property.

The 2025 assessed value is $607,608 with a market value of $982,180. This breaks down to $551,034 for the land and $431,146 for the building. The assessed value increased 3% from $590,484 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. There are active mortgage liens totaling $518,758 recorded against this property.

8640 SW 159 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 1995 to 2015, with 3 recorded transactions in the public record.

The current assessed value represents 96% of the most recent sale price. Based on the most recent sale, this property traded at $229 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..

Current Owner

JAIME BORJA LASCURAIN SOFIA VERTIZ BORJA
8640 SW 159 ST, PALMETTO BAY, FL, 33157
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$7,691 — $14,167
Flood $400 — $800
Property/Wind $7,291 — $13,367

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$160,809
Median Home Value$724,500
Pop. Density4,676/sq mi

Neighborhood 33157

46.3%
Owner-Occ
53.7%
Investor
161
Flips (4yr)
2,488
New Biz (3yr)
Distress Risk
MODERATE
36
View full risk analysis →

Mortgages

ACTIVE
$548,223
~$518,758 bal.
BETTER MORTGAGE CORP · 2021-10-26
Est. Total Balance $518,758
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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