8705 SW 178 TER, Palmetto Bay, FL 33157

8705 SW 178 TER, Palmetto Bay, FL 33157 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1977 with 1,672 square feet of living space on a 15,600 square foot lot. The property is currently owned by HERNAN BARBOZA DEISY CHAVEZ, 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 2022-03-02 for $600,000, when MARIO JOSEPH CAPONE sold to HERNAN BARBOZA. The property has appreciated $546,500 (1021%) since the prior sale of $53,500 on 1977-09-01. The 2025 assessed value is $542,449 with a market value of $665,299.

This breaks down to $436,800 for the land and $228,499 for the building. The assessed value increased 3% from $527,162 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 $456,862 recorded against this property. 8705 SW 178 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 1977 to 2022, with 2 recorded transactions in the public record. The current assessed value represents 90% of the most recent sale price.

Based on the most recent sale, this property traded at $359 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..