16140 SW 88 AVENUE RD, Palmetto Bay, FL 33157

16140 SW 88 AVENUE RD, Palmetto Bay, FL 33157 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1969 with 1,860 square feet of living space on a 15,625 square foot lot. The property is currently owned by VICTOR WONG CHONG YLVA WONG CHONG, 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 2001-05-01 for $289,500. The property has appreciated $199,500 (222%) since the prior sale of $90,000 on 1992-12-01. There are 3 recorded sales for this property.

The 2025 assessed value is $349,285 with a market value of $764,218. This breaks down to $500,000 for the land and $264,218 for the building. The assessed value increased 3% from $339,442 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. 16140 SW 88 AVENUE RD, 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 1987 to 2001, with 3 recorded transactions in the public record. The current assessed value represents 121% 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 $156 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..