8521 SW 181 ST, Palmetto Bay, FL 33157
Parcel: 3350340240570 · Residential - Single Family · 1 Unit · Zoning: 2100
Assessed Value (2025)
$313,972
Property Details
Beds
4
Baths
2
Living Sqft
1,943
Year Built
1979
Lot Sqft
15,625
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$100non-market transfer
2009-05-29
STEPHEN J & JUDITH J FREEBY TRS → STEPHEN J FREEBY &W
2
$100non-market transfer
2009-08-17
STEPHEN J FREEBY &W → STEPHEN J FREEBY TRS
3
$481,900
2019-11-25
JUDITH J FREEBY TRS → LEONEL RUIZ
Tax Assessment History
$313,972
Assessed (2025)
$720,791
Market Value
$263,250
Taxable Value
$5,360
Annual Tax
2024
$305,124
$728,797
2025
$313,972
$720,791
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $313,972 | $720,791 | $263,250 | $5,360 | $468,750 | $252,041 |
| 2024 | $305,124 | $728,797 | $255,124 | $5,194 | $474,688 | $254,109 |
About 8521 SW 181 ST, Palmetto Bay, FL 33157
8521 SW 181 ST, Palmetto Bay, FL 33157 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1979 with 1,943 square feet of living space on a 15,625 square foot lot. The property is currently owned by LEONEL RUIZ ELENA RUIZ, 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 2019-11-25 for $481,900, when JUDITH J FREEBY TRS sold to LEONEL RUIZ. The property has appreciated $481,800 (481800%) since the prior sale of $100 on 2009-08-17. There are 3 recorded sales for this property.
The 2025 assessed value is $313,972 with a market value of $720,791. This breaks down to $468,750 for the land and $252,041 for the building. The assessed value increased 3% from $305,124 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 $436,236 recorded against this property.
8521 SW 181 ST, 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 2009 to 2019, with 3 recorded transactions in the public record.
The current assessed value represents 65% 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 $248 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..
Current Owner
LEONEL RUIZ ELENA RUIZ
8521 SW 181 ST, PALMETTO BAY, FL, 33157
Since: 2026-04-19
View owner profile →
Flood Zone
Zone AE
Special Flood Hazard Area
Est. Annual Insurance
$3,539 — $6,451
Flood $400 — $800
Property/Wind $3,139 — $5,651
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$164,073
Median Home Value$735,500
Pop. Density2,464/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
$457,806
JPMORGAN CHASE BANK NA · 2022-04-28
Est. Total Balance $436,236
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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