7860 SW 182 TER, Palmetto Bay, FL 33157

7860 SW 182 TER, Palmetto Bay, FL 33157 is a 5-bedroom, 4-bathroom residential - single family : 1 unit built in 1981 with 3,759 square feet of living space on a 15,000 square foot lot. The property is currently owned by MICHEAL LUCAS DEBORAH LUCAS, 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 1992-11-01 for $125,000. The property sold for $139,000 less than the prior sale of $264,000 on 1985-10-01. There are 3 recorded sales for this property.

The 2025 assessed value is $419,571 with a market value of $930,840. This breaks down to $450,000 for the land and $480,840 for the building. The assessed value increased 3% from $407,747 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X.

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 $394,805 recorded against this property.

7860 SW 182 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 1982 to 1992, with 3 recorded transactions in the public record.

The current assessed value represents 336% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $33 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..