8006 SW 173 TER, Palmetto Bay, FL 33157

8006 SW 173 TER, Palmetto Bay, FL 33157 is a 6-bedroom, 4-bathroom residential - single family : 1 unit built in 1997 with 3,827 square feet of living space on a 20,611 square foot lot. The property is currently owned by RICARDO HERRERA ANELY HERRERA, 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 1995-11-01 for $65,000. The 2025 assessed value is $587,563 with a market value of $1,255,932. This breaks down to $638,941 for the land and $616,991 for the building.

The assessed value increased 3% from $571,004 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 $160,809, and the median home value is $724,500. The population density is 4,676 people per square mile.

8006 SW 173 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 current assessed value represents 904% 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 $17 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..