8975 SW 198 TER, Cutler Bay, FL 33157

Parcel: 3660040141590 · Residential - Single Family · 1 Unit · Zoning: 0100

Assessed Value (2025)
$135,346

Property Details

Beds
3
Baths
2
Living Sqft
1,299
Year Built
1960
Lot Sqft
7,950
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$91,500
1994-09-01
2
N/Anon-market transfer
1997-06-01
3
$147,500
2002-05-01

Tax Assessment History

$135,346
Assessed (2025)
$415,073
Market Value
$84,624
Taxable Value
$1,723
Annual Tax
2024
$131,532
$416,482
2025
$135,346
$415,073
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $135,346 $415,073 $84,624 $1,723
2024 $131,532 $416,482 $81,532 $1,660

About 8975 SW 198 TER, Cutler Bay, FL 33157

8975 SW 198 TER, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1960 with 1,299 square feet of living space on a 7,950 square foot lot. The property is currently owned by CARLOS VICTORIA &W NANCY, 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 2002-05-01 for $147,500. There are 3 recorded sales for this property. The 2025 assessed value is $135,346 with a market value of $415,073.

This breaks down to $238,500 for the land and $176,573 for the building. The assessed value increased 3% from $131,532 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. 8975 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 1994 to 2002, with 3 recorded transactions in the public record. The current assessed value represents 92% of the most recent sale price. Based on the most recent sale, this property traded at $114 per square foot — a key metric for comparing value across Cutler Bay's real estate market..

Current Owner

CARLOS VICTORIA &W NANCY
8975 SW 198 TERR, MIAMI, FL, 33157-8969
Since: 2026-04-19
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$2,024 — $3,800
Flood $400 — $800
Property/Wind $1,624 — $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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