7787 SW 188 TER, Cutler Bay, FL 33157
Parcel: 3660030341210 · Residential - Single Family · Residential · Zoning: 0100
Assessed Value (2025)
$636,636
Property Details
Beds
5
Baths
4
Living Sqft
3,945
Year Built
2005
Lot Sqft
10,309
Stories
2
RESIDENTIAL - SINGLE FAMILY : RESIDENTIAL - TOTAL VALUE
Sales History
1
$550,000
2005-04-01
2
$100non-market transfer
2017-07-21
GUSTAVO RAVELO → GUSTAVO RAVELO
Tax Assessment History
$636,636
Assessed (2025)
$798,958
Market Value
$636,636
Taxable Value
$12,961
Annual Tax
2024
$578,760
$835,594
2025
$636,636
$798,958
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $636,636 | $798,958 | $636,636 | $12,961 | $311,658 | $487,300 |
| 2024 | $578,760 | $835,594 | $578,760 | $11,783 | $311,658 | $523,936 |
About 7787 SW 188 TER, Cutler Bay, FL 33157
7787 SW 188 TER, Cutler Bay, FL 33157 is a 5-bedroom, 4-bathroom residential - single family : residential - total value built in 2005 with 3,945 square feet of living space on a 10,309 square foot lot. The property is currently owned by GUSTAVO RAVELO AMANDA SPASIC DE RAVELO, 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 2017-07-21 for $100, when GUSTAVO RAVELO sold to GUSTAVO RAVELO. The property sold for $549,900 less than the prior sale of $550,000 on 2005-04-01. The 2025 assessed value is $636,636 with a market value of $798,958.
This breaks down to $311,658 for the land and $487,300 for the building. The assessed value increased 10% from $578,760 in 2024. The median household income in this area is $59,248, and the median home value is $344,300.
The population density is 1,820 people per square mile. 7787 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.
The complete ownership history of this property spans from 2005 to 2017, with 2 recorded transactions in the public record..
Current Owner
GUSTAVO RAVELO AMANDA SPASIC DE RAVELO
6130 SW 123 TER, MIAMI, FL, 33156
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$4,219 — $7,166
Flood $400 — $800
Property/Wind $3,819 — $6,366
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$59,248
Median Home Value$344,300
Pop. Density1,820/sq mi
Neighborhood 33157
46.3%
Owner-Occ
53.7%
Investor
161
Flips (4yr)
2,488
New Biz (3yr)
Distress Risk
MODERATE
36
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