9550 SW 188 TER, Cutler Bay, FL 33157

9550 SW 188 TER, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1968 with 1,446 square feet of living space on a 14,970 square foot lot. The property is currently owned by IVAN PABLO MEJIA DIANA MEJIA, 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 2021-11-18 for $510,000, when MARK KRENZ &W GINGER sold to IVAN PABLO MEJIA . The property has appreciated $276,000 (118%) since the prior sale of $234,000 on 2003-03-01. There are 3 recorded sales for this property.

The 2025 assessed value is $339,006 with a market value of $527,129. This breaks down to $307,980 for the land and $219,149 for the building. The assessed value increased 3% from $329,452 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

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 $453,973 recorded against this property.

9550 SW 188 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 2021, with 3 recorded transactions in the public record.

The current assessed value represents 66% 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 $353 per square foot — a key metric for comparing value across Cutler Bay's real estate market..