8885 SW 183 TER, Palmetto Bay, FL 33157

8885 SW 183 TER, Palmetto Bay, FL 33157 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1973 with 1,972 square feet of living space on a 16,750 square foot lot. The property is currently owned by JESUS R LUGO LOURDES LUGO, 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 2012-08-15 for $340,000, when JEFFREY B KLINE II &W sold to JESUS R LUGO. The property has appreciated $115,100 (51%) since the prior sale of $224,900 on 2002-01-01. There are 3 recorded sales for this property.

The 2025 assessed value is $390,947 with a market value of $729,368. This breaks down to $469,000 for the land and $260,368 for the building. The assessed value increased 3% from $379,930 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 $87,096, and the median home value is $608,000. The population density is 4,240 people per square mile. 8885 SW 183 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 1973 to 2012, with 3 recorded transactions in the public record. The current assessed value represents 115% of the most recent sale price.

Based on the most recent sale, this property traded at $172 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..