16840 SW 87 AVE, Palmetto Bay, FL 33157

16840 SW 87 AVE, Palmetto Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1972 with 1,981 square feet of living space on a 15,372 square foot lot. The property is currently owned by CARLOS PORRAS TRS THE PORRAS LEGACY TRUST, 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 2026-01-13 for $975,000. There are 4 recorded sales for this property. The 2025 assessed value is $410,088 with a market value of $730,576.

This breaks down to $461,160 for the land and $269,416 for the building. The assessed value increased 3% from $398,531 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 $191,804 recorded against this property. 16840 SW 87 AVE, 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 2010 to 2026, with 4 recorded transactions in the public record. The current assessed value represents 42% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $492 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..