8550 SW 198 ST, Cutler Bay, FL 33189

8550 SW 198 ST, Cutler Bay, FL 33189 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 2024 with 2,454 square feet of living space on a 6,381 square foot lot. The property is currently owned by PEREZ FAMILY ACQUISITION FUND LLC, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2018-05-17 for $150,000, when SIRE USA CORP sold to PEREZ FAMILY ACQUISITION FUND LLC. The property sold for $330,000 less than the prior sale of $480,000 on 2006-08-01. The 2025 assessed value is $544,498 with a market value of $622,886.

This breaks down to $191,430 for the land and $431,456 for the building. The assessed value increased 430% from $102,766 in 2024. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential.

Flood insurance is typically required. 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.

8550 SW 198 ST, Cutler Bay, FL 33189 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. The complete ownership history of this property spans from 2006 to 2018, with 2 recorded transactions in the public record.

The current assessed value represents 363% 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 $61 per square foot — a key metric for comparing value across Cutler Bay's real estate market..