8987 SW 215 TER, Cutler Bay, FL 33189

Parcel: 3660160090460 · Residential - Single Family · Cluster Home · Zoning: 0102

Assessed Value (2025)
$199,174

Property Details

Beds
4
Baths
3
Living Sqft
2,061
Year Built
2011
Lot Sqft
7,300
Stories
2
RESIDENTIAL - SINGLE FAMILY : CLUSTER HOME

Sales History

1
$100non-market transfer
2009-03-11
INDEPENDENT BANKERS BANK OF FLABBC REAL ESTATE INC
2
$1,520,000
2010-09-01
BBC REAL ESTATE INCD R HORTON INC
3
$208,385-86%
2011-06-24
D R HORTON INCEDWIN ANTONIO VELEZ JR

Tax Assessment History

$199,174
Assessed (2025)
$508,364
Market Value
$148,452
Taxable Value
$3,022
Annual Tax
2024
$193,561
$511,630
2025
$199,174
$508,364
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $199,174 $508,364 $148,452 $3,022
2024 $193,561 $511,630 $143,561 $2,923

About 8987 SW 215 TER, Cutler Bay, FL 33189

8987 SW 215 TER, Cutler Bay, FL 33189 is a 4-bedroom, 3-bathroom residential - single family : cluster home built in 2011 with 2,061 square feet of living space on a 7,300 square foot lot. The property is currently owned by EDWIN ANTONIO VELEZ JR SHEILA TAINA VELEZ, 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 2011-06-24 for $208,385, when D R HORTON INC sold to EDWIN ANTONIO VELEZ JR. The property sold for $1,311,615 less than the prior sale of $1,520,000 on 2010-09-01. There are 3 recorded sales for this property.

The 2025 assessed value is $199,174 with a market value of $508,364. This breaks down to $224,200 for the land and $284,164 for the building. The assessed value increased 3% from $193,561 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $110,766, and the median home value is $442,800. The population density is 8,276 people per square mile.

There are active mortgage liens totaling $309,800 recorded against this property. 8987 SW 215 TER, Cutler Bay, FL 33189 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 2009 to 2011, with 3 recorded transactions in the public record. The current assessed value represents 96% of the most recent sale price. Based on the most recent sale, this property traded at $101 per square foot — a key metric for comparing value across Cutler Bay's real estate market..

Current Owner

EDWIN ANTONIO VELEZ JR SHEILA TAINA VELEZ
8987 SW 215 TER, CUTLER BAY, FL, 33189
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $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$110,766
Median Home Value$442,800
Pop. Density8,276/sq mi

Neighborhood 33189

59%
Owner-Occ
41%
Investor
77
Flips (4yr)
1,212
New Biz (3yr)
Distress Risk
MODERATE
31
View full risk analysis →

Mortgages

ACTIVE
$325,600
~$309,800 bal.
CELEBRITY HOME LOANS LLC · 2022-03-14
Est. Total Balance $309,800
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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