8420 SW 188 TER, Cutler Bay, FL 33157
Parcel: 3660030010170 · Multifamily 10 Units Plus · Multifamily 3 Or More Units · Zoning: 0100
Assessed Value (2025)
$11,499,840
Property Details
Living Sqft
212,169
Year Built
1972
Lot Sqft
1,239,282
Stories
1
MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS
Tax Assessment History
$11,499,840
Assessed (2025)
$28,350,000
Market Value
$0
Taxable Value
2024
$10,454,400
$26,400,000
2025
$11,499,840
$28,350,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $11,499,840 | $28,350,000 | $0 | — | $3,717,846 | $24,632,154 |
| 2024 | $10,454,400 | $26,400,000 | $0 | — | $3,717,846 | $22,682,154 |
About 8420 SW 188 TER, Cutler Bay, FL 33157
8420 SW 188 TER, Cutler Bay, FL 33157 is a multifamily 10 units plus : multifamily 3 or more units built in 1972 with 212,169 square feet of living space on a 1,239,282 square foot lot. The property is currently owned by PINE WOODS INC, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
The 2025 assessed value is $11,499,840 with a market value of $28,350,000. This breaks down to $3,717,846 for the land and $24,632,154 for the building. The assessed value increased 10% from $10,454,400 in 2024.
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 $108,165, and the median home value is $575,000.
The population density is 3,712 people per square mile. 8420 SW 188 TER, Cutler Bay, FL 33157 is located in Cutler Bay, Florida. Property records, tax assessments, sales history, and ownership information for this Cutler Bay property are sourced from miami_dade County public records..
Building Permits (4)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| K1993294964 | plumbing | expired | — | ||
| S1993171715 | electrical | expired | — | ||
| S1993173005 | electrical | expired | $11,250 | ||
| S1993173021 | electrical | expired | $11,250 |
Current Owner
PINE WOODS INC
8420 SW 188 TERR, MIAMI, FL, 33157-8036
Since: 2026-04-19
View owner profile →
Look up on FL Sunbiz →
Find registered agent and officers for this entity
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$115,398 — $207,797
Flood $400 — $800
Property/Wind $114,998 — $206,997
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$108,165
Median Home Value$575,000
Pop. Density3,712/sq mi
Neighborhood 33157
46.3%
Owner-Occ
53.7%
Investor
161
Flips (4yr)
2,488
New Biz (3yr)
Distress Risk
MODERATE
36
Zoom in to see property sales