7406 SW 188 LN, Cutler Bay, FL 33157

7406 SW 188 LN, Cutler Bay, FL 33157 is a 6-bedroom, 5-bathroom residential - single family : residential - total value built in 2006 with 5,047 square feet of living space on a 15,284 square foot lot. The property is currently owned by IAN DUNMORE ELIZABETH HARVEY, 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 2021-04-14 for $899,500, when SHIRLEY E RICHARDSON sold to IAN DUNMORE. The property has appreciated $99,500 (12%) since the prior sale of $800,000 on 2018-06-15. There are 3 recorded sales for this property.

The 2025 assessed value is $1,134,946 with a market value of $1,134,946. This breaks down to $398,720 for the land and $736,226 for the building. The assessed value decreased 1% from $1,150,321 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. 7406 SW 188 LN, 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 2015 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 126% 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 $178 per square foot — a key metric for comparing value across Cutler Bay's real estate market..