16320 SW 88 PL, Palmetto Bay, FL 33157

16320 SW 88 PL, Palmetto Bay, FL 33157 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 1988 with 3,460 square feet of living space on a 18,500 square foot lot. The property is currently owned by LUIS SOTERO, 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 2022-02-04 for $222,500, when LUIS SOTERO III sold to LUIS SOTERO. The property has appreciated $222,400 (222400%) since the prior sale of $100 on 2019-02-14. There are 3 recorded sales for this property.

The 2025 assessed value is $954,424 with a market value of $1,027,728. This breaks down to $592,000 for the land and $435,728 for the building. The assessed value increased 3% from $927,526 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 $70,000 recorded against this property.

16320 SW 88 PL, 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 1997 to 2022, with 3 recorded transactions in the public record.

The current assessed value represents 429% 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 $64 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..