7523 SW 188 TER, Cutler Bay, FL 33157

7523 SW 188 TER, Cutler Bay, FL 33157 is a 5-bedroom, 4-bathroom residential - single family : residential - total value built in 2005 with 4,717 square feet of living space on a 11,012 square foot lot. The property is currently owned by OBED SOMARRIBA NICHOLE SOMARRIBA, 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 2010-10-20 for $360,000, when U S BANK NATIONAL ASSOCIATION TRS sold to OBED SOMARRIBA. The property has appreciated $98,900 (38%) since the prior sale of $261,100 on 2010-06-08. There are 3 recorded sales for this property.

The 2025 assessed value is $364,056 with a market value of $935,916. This breaks down to $323,960 for the land and $611,956 for the building. The assessed value increased 3% from $353,796 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 $59,248, and the median home value is $344,300. The population density is 1,820 people per square mile. 7523 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 2010, with 3 recorded transactions in the public record. The current assessed value represents 101% of the most recent sale price.

Based on the most recent sale, this property traded at $76 per square foot — a key metric for comparing value across Cutler Bay's real estate market..