7416 SW 188 LN, Cutler Bay, FL 33157

7416 SW 188 LN, Cutler Bay, FL 33157 is a 5-bedroom, 4-bathroom residential - single family : residential - total value built in 2006 with 4,717 square feet of living space on a 9,920 square foot lot. The property is currently owned by ROBERT S COLON &W AMINTA J COLON, 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 2006-01-01 for $684,655. The 2025 assessed value is $419,506 with a market value of $895,426. This breaks down to $304,850 for the land and $590,576 for the building.

The assessed value increased 3% from $407,684 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.

There are active mortgage liens totaling $118,887 recorded against this property. 7416 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 current assessed value represents 61% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $145 per square foot — a key metric for comparing value across Cutler Bay's real estate market..