8940 SW 197 TER, Cutler Bay, FL 33157

8940 SW 197 TER, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1960 with 1,572 square feet of living space on a 9,600 square foot lot. The property is currently owned by ALEXANDER LEEDER &W MARIA I LEEDER, 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 2005-07-01 for $333,000. The property has appreciated $93,000 (39%) since the prior sale of $240,000 on 2004-04-01. There are 3 recorded sales for this property.

The 2025 assessed value is $174,590 with a market value of $461,252. This breaks down to $267,750 for the land and $193,502 for the building. The assessed value increased 3% from $169,670 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. There are active mortgage liens totaling $26,875 recorded against this property.

8940 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 1992 to 2005, with 3 recorded transactions in the public record.

The current assessed value represents 52% 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 $212 per square foot — a key metric for comparing value across Cutler Bay's real estate market..