8920 SW 162 TER, Palmetto Bay, FL 33157

8920 SW 162 TER, Palmetto Bay, FL 33157 is a 6-bedroom, 5-bathroom residential - single family : 1 unit built in 2008 with 3,944 square feet of living space on a 24,763 square foot lot. The property is currently owned by JOHN D II REED LINDA L REED, 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 2015-06-30 for $840,000, when INTERAMERICAN BANK FSB sold to JOHN D II REED. The property has appreciated $236,000 (39%) since the prior sale of $604,000 on 2014-01-29. There are 3 recorded sales for this property.

The 2025 assessed value is $854,847 with a market value of $1,570,383. This breaks down to $792,416 for the land and $777,967 for the building. The assessed value increased 3% from $830,756 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. 8920 SW 162 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 2005 to 2015, with 3 recorded transactions in the public record. The current assessed value represents 102% of the most recent sale price.

Based on the most recent sale, this property traded at $213 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..