16315 SW 88 CT, Palmetto Bay, FL 33157

16315 SW 88 CT, Palmetto Bay, FL 33157 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 2000 with 2,704 square feet of living space on a 22,746 square foot lot. The property is currently owned by ALEJANDRA PARRA RANEL J CASTRO JR, 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 2024-11-25 for $1,300,000. There are 4 recorded sales for this property. The 2025 assessed value is $882,367 with a market value of $1,014,000.

This breaks down to $727,872 for the land and $286,128 for the building. The assessed value increased 3% from $857,665 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 $164,073, and the median home value is $735,500.

The population density is 2,464 people per square mile. There are active mortgage liens totaling $1,017,583 recorded against this property. 16315 SW 88 CT, 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 2019 to 2024, with 4 recorded transactions in the public record. The current assessed value represents 68% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $481 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..