8940 SW 198 TER, Cutler Bay, FL 33157

8940 SW 198 TER, Cutler Bay, FL 33157 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1961 with 1,350 square feet of living space on a 7,950 square foot lot. The property is currently owned by MICHAEL ESPINOSA CHRISTINA KITREL, 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 2019-09-26 for $285,000, when SYLVAN T SILVERMAN sold to MICHAEL ESPINOSA. The 2025 assessed value is $269,270 with a market value of $433,607. This breaks down to $238,500 for the land and $195,107 for the building.

The assessed value increased 3% from $261,682 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.

8940 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 current assessed value represents 94% of the most recent sale price.

Based on the most recent sale, this property traded at $211 per square foot — a key metric for comparing value across Cutler Bay's real estate market..