18403 SW 87 PL, Cutler Bay, FL 33157

18403 SW 87 PL, Cutler Bay, FL 33157 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1977 with 1,553 square feet of living space on a 15,246 square foot lot. The property is currently owned by MERCEDES R PARGAS JTRS JUAN VILA JTRS, 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 2013-06-12 for $222,000, when VERICREST OPPORTUNITY LOAN TRS sold to MERCEDES R PARGAS. The property has appreciated $39,400 (22%) since the prior sale of $182,600 on 2012-10-02. There are 3 recorded sales for this property.

The 2025 assessed value is $312,398 with a market value of $601,868. This breaks down to $347,829 for the land and $254,039 for the building. The assessed value increased 3% from $303,594 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 $300,550 recorded against this property.

18403 SW 87 PL, 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 2007 to 2013, with 3 recorded transactions in the public record.

The current assessed value represents 141% 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 $143 per square foot — a key metric for comparing value across Cutler Bay's real estate market..