9785 SW 181 TER, Palmetto Bay, FL 33157
Parcel: 3350320070270 · Multifamily 10 Units Plus · Multifamily 3 Or More Units · Zoning: 4200
Assessed Value (2025)
$1,727,638
Property Details
Beds
22
Baths
18
Living Sqft
12,127
Year Built
1987
Lot Sqft
26,084
Stories
2
MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS
Sales History
1
N/Anon-market transfer
2001-03-01
2
N/Anon-market transfer
2004-09-01
3
N/Anon-market transfer
2006-04-01
Tax Assessment History
$1,727,638
Assessed (2025)
$2,300,000
Market Value
$1,727,638
Taxable Value
$35,173
Annual Tax
2024
$1,570,580
$2,403,000
2025
$1,727,638
$2,300,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $1,727,638 | $2,300,000 | $1,727,638 | $35,173 | $1,173,780 | $1,126,220 |
| 2024 | $1,570,580 | $2,403,000 | $1,570,580 | $31,976 | $1,434,620 | $968,380 |
About 9785 SW 181 TER, Palmetto Bay, FL 33157
9785 SW 181 TER, Palmetto Bay, FL 33157 is a 22-bedroom, 18-bathroom multifamily 10 units plus : multifamily 3 or more units built in 1987 with 12,127 square feet of living space on a 26,084 square foot lot. The property is currently owned by MORNINGSIDE APARTMENTS LLC, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.
There are 3 recorded sales for this property. The 2025 assessed value is $1,727,638 with a market value of $2,300,000. This breaks down to $1,173,780 for the land and $1,126,220 for the building.
The assessed value increased 10% from $1,570,580 in 2024. The median household income in this area is $87,096, and the median home value is $608,000. The population density is 4,240 people per square mile.
There are active mortgage liens totaling $460,183 recorded against this property. 9785 SW 181 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 2001 to 2006, with 3 recorded transactions in the public record..
Current Owner
MORNINGSIDE APARTMENTS LLC
1401 BAY RD #310, MIAMI BEACH, FL, 33139
Since: 2026-04-19
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Est. Annual Insurance
$17,676 — $31,897
Flood $400 — $800
Property/Wind $17,276 — $31,097
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$87,096
Median Home Value$608,000
Pop. Density4,240/sq mi
Neighborhood 33157
46.3%
Owner-Occ
53.7%
Investor
161
Flips (4yr)
2,488
New Biz (3yr)
Distress Risk
MODERATE
36
Mortgages
ACTIVE
$500,000
WELLS FARGO BANK NA · 2023-05-18
Est. Total Balance $460,183
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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