8941 SW 197 TER, Cutler Bay, FL 33157
Parcel: 3660040131040 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$147,961
Property Details
Beds
3
Baths
2
Living Sqft
1,852
Year Built
1959
Lot Sqft
8,250
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$70,000
1980-03-01
2
$84,000+20%
1981-06-01
3
N/Anon-market transfer
2002-04-01
Tax Assessment History
$147,961
Assessed (2025)
$465,208
Market Value
$97,239
Taxable Value
$1,980
Annual Tax
2024
$143,792
$465,420
2025
$147,961
$465,208
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $147,961 | $465,208 | $97,239 | $1,980 | $247,500 | $217,708 |
| 2024 | $143,792 | $465,420 | $93,792 | $1,910 | $247,500 | $217,920 |
About 8941 SW 197 TER, Cutler Bay, FL 33157
8941 SW 197 TER, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1959 with 1,852 square feet of living space on a 8,250 square foot lot. The property is currently owned by RICARDO PEREZ &W OLGA, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
There are 3 recorded sales for this property. The 2025 assessed value is $147,961 with a market value of $465,208. This breaks down to $247,500 for the land and $217,708 for the building.
The assessed value increased 3% from $143,792 in 2024. The property has the following tax exemptions: homestead. 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.
8941 SW 197 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 1980 to 2002, with 3 recorded transactions in the public record..
Current Owner
RICARDO PEREZ &W OLGA
8941 SW 197 TERR, MIAMI, FL, 33157-8966
Since: 2026-04-19
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$2,175 — $4,055
Flood $400 — $800
Property/Wind $1,775 — $3,255
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
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