8824 SW 197 TER, Cutler Bay, FL 33157

8824 SW 197 TER, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1972 with 1,292 square feet of living space on a 8,037 square foot lot. The property is currently owned by MAYLIN RODRIGUEZ ORTEGA MARIA DEL CARMEN ORTEGA CAMEJO, 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 2022-09-13 for $515,000. There are 5 recorded sales for this property. The 2025 assessed value is $355,966 with a market value of $429,779.

This breaks down to $241,110 for the land and $188,669 for the building. The assessed value increased 3% from $345,934 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. There are active mortgage liens totaling $345,444 recorded against this property. 8824 SW 197 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 2012 to 2022, with 5 recorded transactions in the public record. The current assessed value represents 69% 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 $399 per square foot — a key metric for comparing value across Cutler Bay's real estate market..