$1,325,000
SOLD APR 17, 2025

18040 SW 78th Place Palmetto Bay, FL 33157

4 Beds
2.5 Baths
2,925 Sq Ft
0.34 Acres

Recently Sold

$453 Per Sq Ft

10% Below List Price

125 Days on Market

Highlights

  • In Ground Pool
  • RV or Boat Parking
  • Garden View
  • Dr. Henry E. Perrine Academy Of The Arts Rated A-
  • Vaulted Ceiling
  • Tennis Courts

About This Home

As of April 2025

Beautifully appointed 4-bedroom, 2.5-bathroom residence offers ample space and modern comforts in an excellent location. Spacious Layout: Enjoy a split bedroom design with the primary suite separated from the other bedrooms for added privacy. Bathrooms have been updated, and the kitchen boasts quartz countertops on wooden cabinets, with volume ceilings in the kitchen and family room area. Impact glass and a new roof installed in 2019. Beautiful backyard perfect for relaxation and entertaining, with room for a boat or RV. Adjacent to Palmer Trinity School, offering tranquil evenings and weekends. Large closets, plantation shutters in the front, a large garage, and a quiet street with no through traffic. This home is designed for comfort and convenience.

Last Agent to Sell the Property

Frank DeValdivielso

The Keyes Company License #3121143 Listed on: 11/23/2024

The Keyes Company

Last Buyer's Agent

Teresita Lanza

Luxe Properties License #3249421

Luxe Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,515

Year Built

  • Built in 1979

Lot Details

  • 0.34 Acre Lot
  • East Facing Home
  • Fenced
  • Property is zoned 2100

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking
  • RV or Boat Parking

Property Views

  • Garden
  • Pool

Home Design

  • Substantially Remodeled
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,925 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • High Impact Door

Kitchen

  • Microwave
  • Dishwasher
  • Cooking Island

Flooring

  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Dual Sinks
  • Bathtub and Shower Combination in Primary Bathroom
  • Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 33-50-34-023-0260

Community Details

Overview

  • Property has a Home Owners Association
  • Cape Cutler Estates Subdivision

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,515

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1979
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Co List Office Mls Id: KEYE41
  • Co List Office Phone: 305-443-7423
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: CAPE CUTLER ESTATES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Washer
  • Interior Amenities: First Floor Entry, Cooking Island, Split Bedroom, Volume Ceilings, No Additional Rooms
  • Spa Yn: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Ceramic Floor, Concrete
  • Furnished: Unfurnished
  • Living Area: 2925
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Hurricane Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Tub, Primary Bedroom Ground Level
  • Living Room Features: No Additional Rooms
  • Master Bathroom Features: Combination Tub & Shower, Dual Sinks

Exterior Features

  • Roof: Shingle
  • View: Garden, Pool
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Porch, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: CAPE CUTLER ESTATES
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Rv/Boat Parking

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water, Well
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Tennis Court(s), Pickleball, Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: Voluntary

Lot Info

  • Parcel Number: 33-50-34-023-0260
  • Lot Size Sq Ft: 15000
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12515

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2024
Closed on
Apr 14, 2025
Sold by
Maxey Troy L and Maxey Angela Fay
Bought by
Evelyn Robert J and Multidor-Evelyn Leila
Seller's Agent
Frank DeValdivielso
The Keyes Company
Buyer's Agent
Teresita Lanza
Luxe Properties
List Price
$1,475,000
Sold Price
$1,325,000
Premium/Discount to List
-$150,000
-10.17%
Views
2980
Current Estimated Value
$1,313,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,078
Avg. Annual Appreciation
-2.38%
Original Mortgage
$1,060,000
Outstanding Balance
$1,057,203
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$258,558

Purchase Details

Closed on
Mar 3, 2015
Sold by
Maxey Troy L and Cabral Gonzalez Linka
Bought by
Maxey Troy L

Purchase Details

Listed on
Aug 12, 2013
Closed on
Sep 30, 2013
Sold by
Canales Felipe and Canales Mary
Bought by
Maxey Troy L and Cabral Gonzalez Linka
Seller's Agent
Libby Williams
MMLS Assoc.-Inactive Member
Buyer's Agent
Leah Piven
MMLS Assoc.-Inactive Member
List Price
$497,000
Sold Price
$475,000
Premium/Discount to List
-$22,000
-4.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%
Original Mortgage
$380,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 1997
Sold by
Blitchington Steven P and Blitchington Judy M
Bought by
Canales Felipe and Canales Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.18%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,325,000 Vantage Property Title
Warranty Deed $1,325,000 Vantage Property Title
Warranty Deed $185,900 Attorney
Warranty Deed $475,000 Key Title & Escrow Inc
Warranty Deed $220,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,060,000 New Conventional
Closed $1,060,000 New Conventional
Previous Owner $453,100 New Conventional
Previous Owner $380,000 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $146,667 FHA
Previous Owner $50,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Sold $1,325,000 -5.4% $453 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
02/15/2025 02/15/25 Price Changed $1,400,000 -5.1% $479 / Sq Ft
12/10/2024 12/10/24 For Sale $1,475,000 +210.5% $504 / Sq Ft
09/30/2013 09/30/13 Sold $475,000 -4.4% $140 / Sq Ft
08/29/2013 08/29/13 For Sale $497,000 0.0% $146 / Sq Ft
08/26/2013 08/26/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $497,000 0.0% $146 / Sq Ft
04/01/2012 04/01/12 Rented $3,200 0.0% --
03/02/2012 03/02/12 Under Contract -- -- --
01/10/2012 01/10/12 For Rent $3,200 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,515 $452,066 -- --
2024 $12,184 $439,326 -- --
2023 $12,184 $426,531 $0 $0
2022 $11,912 $414,108 $0 $0
2021 $11,896 $402,047 $0 $0
2020 $11,759 $396,497 $0 $0
2019 $11,604 $387,583 $0 $0
2018 $11,311 $380,357 $0 $0
2017 $6,416 $372,534 $0 $0
2016 $6,382 $364,872 $0 $0
2015 $6,494 $362,336 $0 $0
2014 $6,572 $359,461 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11699036

MIAMI REALTORS® MLS

APN: 33-5034-023-0260