8960 SW 198 TER, Cutler Bay, FL 33157

Parcel: 3660040141350 · Residential - Single Family · 1 Unit · Zoning: 0100

Assessed Value (2025)
$131,868

Property Details

Beds
3
Baths
2
Living Sqft
1,299
Year Built
1961
Lot Sqft
7,950
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$43,000
1978-09-01
2
N/Anon-market transfer
2000-06-01
3
$157,000
2011-08-24
BRENDA J SMITHEDUARDO LAMENCA

Tax Assessment History

$131,868
Assessed (2025)
$398,055
Market Value
$81,146
Taxable Value
$1,652
Annual Tax
2024
$128,152
$399,310
2025
$131,868
$398,055
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $131,868 $398,055 $81,146 $1,652
2024 $128,152 $399,310 $78,152 $1,591

About 8960 SW 198 TER, Cutler Bay, FL 33157

8960 SW 198 TER, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1961 with 1,299 square feet of living space on a 7,950 square foot lot. The property is currently owned by EDUARDO LAMENCA ROCIO SALTOS, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2011-08-24 for $157,000, when BRENDA J SMITH sold to EDUARDO LAMENCA. There are 3 recorded sales for this property. The 2025 assessed value is $131,868 with a market value of $398,055.

This breaks down to $238,500 for the land and $159,555 for the building. The assessed value increased 3% from $128,152 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. 8960 SW 198 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 1978 to 2011, with 3 recorded transactions in the public record. The current assessed value represents 84% of the most recent sale price. Based on the most recent sale, this property traded at $121 per square foot — a key metric for comparing value across Cutler Bay's real estate market..

Current Owner

EDUARDO LAMENCA ROCIO SALTOS
8960 SOUTH WEST 198 TER, MIAMI, FL, 33157
Since: 2026-04-19
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$1,982 — $3,800
Flood $400 — $800
Property/Wind $1,582 — $3,000

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 →
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