8731 SW 191 ST, Cutler Bay, FL 33157

Parcel: 3660040090650 · Residential - Single Family · 1 Unit · Zoning: 0100

Assessed Value (2025)
$374,920

Property Details

Beds
3
Baths
2
Living Sqft
1,188
Year Built
1958
Lot Sqft
9,450
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$68,000
1992-12-01

Tax Assessment History

$374,920
Assessed (2025)
$447,133
Market Value
$374,920
Taxable Value
$7,633
Annual Tax
2024
$340,837
$447,284
2025
$374,920
$447,133
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $374,920 $447,133 $374,920 $7,633
2024 $340,837 $447,284 $340,837 $6,939

About 8731 SW 191 ST, Cutler Bay, FL 33157

8731 SW 191 ST, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1958 with 1,188 square feet of living space on a 9,450 square foot lot. The property is currently owned by KEVIN M FORMOSA, 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 1992-12-01 for $68,000. The 2025 assessed value is $374,920 with a market value of $447,133. This breaks down to $265,500 for the land and $181,633 for the building.

The assessed value increased 10% from $340,837 in 2024. This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X.

The median household income in this area is $123,167, and the median home value is $467,200. The population density is 4,679 people per square mile. 8731 SW 191 ST, 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 551% 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 $57 per square foot — a key metric for comparing value across Cutler Bay's real estate market..

Current Owner

KEVIN M FORMOSA
8731 SW 191 ST, MIAMI, FL, 33157-7140
Since: 2026-04-19
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$4,899 — $9,048
Flood $400 — $800
Property/Wind $4,499 — $8,248

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$123,167
Median Home Value$467,200
Pop. Density4,679/sq mi

Neighborhood 33157

46.3%
Owner-Occ
53.7%
Investor
161
Flips (4yr)
2,488
New Biz (3yr)
Distress Risk
MODERATE
36
View full risk analysis →
Zoom in to see property sales