8821 SW 198 ST, Cutler Bay, FL 33157

8821 SW 198 ST, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1972 with 1,692 square feet of living space on a 8,037 square foot lot. The property is currently owned by NANCY M MAYES, 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 1994-03-01 for $115,000. The property has appreciated $32,500 (39%) since the prior sale of $82,500 on 1984-02-01. There are 3 recorded sales for this property.

The 2025 assessed value is $142,393 with a market value of $449,573. This breaks down to $241,110 for the land and $208,463 for the building. The assessed value increased 3% from $138,380 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. 8821 SW 198 ST, 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 1980 to 1994, with 3 recorded transactions in the public record. The current assessed value represents 124% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $68 per square foot — a key metric for comparing value across Cutler Bay's real estate market..