$1,290,000
SOLD JUN 27, 2025

8481 SW 167th Terrace Palmetto Bay, FL 33157

5 Beds
3 Baths
3,264 Sq Ft
0.41 Acres

Recently Sold

$395 Per Sq Ft

8% Below List Price

48 Days on Market

Highlights

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

About This Home

As of June 2025

Located in one of Palmetto Bay’s few gated communities, this home offers a rare blend of exclusivity, security, and connection to a thriving neighborhood. One of only 44 homes in the community, this residence sits on a 17,800 sq ft lot with lush tropical landscaping, RV/boat parking, and spacious pool & patio made for entertaining. Inside, a primary suite retreat with generous bath and his-and-her walk-in closets. Two bedrooms connect with a Jack & Jill bathroom perfect for guests or kids. Newer metal roof, impact windows, and all major systems recently replaced. With a family-friendly vibe, walkable parks, and access to top rated public & private schools, this location offers not just a home — but a lifestyle. See 3-D walkthrough in virtual tour.

Last Agent to Sell the Property

Laura Derrick

Miami Portfolio Collection Brokerage Phone: 305-794-4366 License #3228420 Listed on: 04/09/2025

Miami Portfolio Collection

Last Buyer's Agent

Victor Camero

Luxe Properties License #3300210

Luxe Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,768

Year Built

  • Built in 1993

Lot Details

  • 0.41 Acre Lot
  • South Facing Home
  • Fenced
  • Property is zoned 2100

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Paver Block
  • Open Parking
  • RV or Boat Parking

Home Design

  • Metal Roof

Interior Spaces

  • 3,264 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • French Doors
  • Family Room
  • Den
  • Pool Views

Kitchen

  • Gas Range
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • In Ground Pool
  • Patio
  • Exterior Lighting
  • Porch

Schools

  • Perrine Elementary School
  • Southwood Middle School
  • Miami Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 33-50-27-057-0400

Community Details

Overview

  • Flamingo Gardens Estates Subdivision
  • Mandatory home owners association

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,768

Year Built

Built in 1993

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1993
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: FLAMINGO GARDENS ESTATES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Attribution Contact: 305-794-4366
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Gas Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, French Doors, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Den/Library/Office, Family Room, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: High Impact Doors, French Doors
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 3264
  • Other Equipment: Automatic Garage Door Opener, Natural Gas
  • Possible Use: Primary
  • Window Features: Complete Impact Glass, Blinds, High Impact Windows
  • Bedroom Features: Entry Level, Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Family Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Metal Roof
  • View: Pool
  • Exterior Features: Lighting
  • Construction Type: Concrete Block Construction
  • Direction Faces: South
  • 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
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: FLAMINGO GARDENS ESTATES
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Paver Block, Rv/Boat Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 450
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Community Features: Gated Community, Mandatory Hoa, Private Roads

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Perrine
  • High School: Miami Palmetto
  • Middle Or Junior School: Southwood

Lot Info

  • Parcel Number: 33-50-27-057-0400
  • Lot Size Sq Ft: 17843
  • Zoning: 2100

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 22768

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2025
Closed on
Jun 27, 2025
Sold by
Meerbott Natalie Neff and Neff Natalie
Bought by
Basulto Felipe
Seller's Agent
Laura Derrick
Miami Portfolio Collection
Buyer's Agent
Victor Camero
Luxe Properties
List Price
$1,399,000
Sold Price
$1,290,000
Premium/Discount to List
-$109,000
-7.79%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.01%
Original Mortgage
$980,000
Outstanding Balance
$979,174
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$365,850

Purchase Details

Listed on
May 15, 2015
Closed on
Aug 31, 2015
Sold by
Tibaldeo Sandra and Dopp Christian
Bought by
Neff Natalia
Seller's Agent
Miguel Solis
Douglas Elliman
Buyer's Agent
Cristina Soler
One Sotheby's International Realty
List Price
$725,000
Sold Price
$685,000
Premium/Discount to List
-$40,000
-5.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Original Mortgage
$400,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 25, 2010
Sold by
Jimenez Ramon A and Jimenez Maria
Bought by
Tibaldeo Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.83%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 7, 2005
Sold by
Garrido Jose A and Garrido Elia R
Bought by
Jimenez Ramon A and Jimenez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,000
Interest Rate
0.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 21, 1993
Sold by
Flamingo Gardens Dev Lc
Bought by
Garrido Jose A and Garrido Elia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
7.44%
Source: Public Records

Range of Values:

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Average Value
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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 $1,290,000 None Listed On Document
Warranty Deed $1,290,000 None Listed On Document
Warranty Deed $685,000 Florida Secured Title Llc
Warranty Deed $425,000 Attorney
Warranty Deed $745,000 Peace Of Mind Title Inc
Warranty Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $980,000 New Conventional
Closed $980,000 New Conventional
Previous Owner $408,000 New Conventional
Previous Owner $400,000 Adjustable Rate Mortgage/ARM
Previous Owner $400,000 Adjustable Rate Mortgage/ARM
Previous Owner $225,000 Stand Alone First
Previous Owner $146,900 Credit Line Revolving
Previous Owner $596,000 Negative Amortization
Previous Owner $500,000 Unknown
Previous Owner $261,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Sold $1,290,000 -0.8% $395 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
05/19/2025 05/19/25 Price Changed $1,299,999 -3.0% $398 / Sq Ft
05/06/2025 05/06/25 Price Changed $1,340,000 -4.2% $411 / Sq Ft
04/09/2025 04/09/25 For Sale $1,399,000 0.0% $429 / Sq Ft
11/01/2023 11/01/23 Rented $7,800 -6.0% --
10/02/2023 10/02/23 Under Contract -- -- --
09/15/2023 09/15/23 Price Changed $8,300 -6.2% $3 / Sq Ft
07/19/2023 07/19/23 For Rent $8,850 0.0% --
09/02/2015 09/02/15 Sold $685,000 -5.5% $210 / Sq Ft
07/03/2015 07/03/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $725,000 -- $222 / Sq Ft
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 $22,767 $1,244,619 $624,505 $620,114
2024 $11,404 $1,251,969 $624,017 $627,952
2023 $11,404 $643,890 $0 $0
2022 $11,029 $625,136 $0 $0
2021 $10,969 $606,929 $0 $0
2020 $10,758 $598,550 $246,322 $352,228
2019 $10,823 $601,714 $0 $0
2018 $10,335 $590,495 $229,901 $360,594
2017 $10,580 $587,530 $0 $0
2016 $10,416 $575,446 $0 $0
2015 $8,175 $441,672 $0 $0
2014 $8,302 $438,167 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Laura Derrick

    Seller's Agent in 2025

    Laura Derrick

    Miami Portfolio Collection

    (305) 794-4366

    5 in this area

    56 Total Sales

    Laura Derrick
    Section Image

  • V

    Buyer's Agent in 2025

    Victor Camero

    Luxe Properties

    (305) 809-7650

    1 in this area

    51 Total Sales

    Victor Camero
    Section Image
  • Margaret La Rocca

    Seller's Agent in 2023

    Margaret La Rocca

    CRANELUXE

    (954) 980-0755

    10 Total Sales

    Margaret La Rocca
    Section Image

  • K

    Buyer's Agent in 2023

    Karin Mas

    Luxe Properties

    3 Total Sales

    Karin Mas
    Section Image
  • Miguel Solis

    Seller's Agent in 2015

    Miguel Solis

    Douglas Elliman

    (305) 343-9554

    4 in this area

    135 Total Sales

    Miguel Solis
    Section Image
  • Mario Chirino

    Seller Co-Listing Agent in 2015

    Mario Chirino

    Douglas Elliman

    (786) 253-7653

    3 in this area

    75 Total Sales

    Mario Chirino
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11780869

MIAMI REALTORS® MLS

APN: 33-5027-057-0400

Florida Miami/Dade County Palmetto Bay 33157

8481 SW 167th Terrace, Palmetto Bay, FL

This home is located at 8481 SW 167th Terrace, Palmetto Bay, FL 33157 and is currently priced at $1,290,000, approximately $395 per square foot. This property was built in 1993. 8481 SW 167th Terrace is a home located in Miami-Dade County with nearby schools including Dr. Henry E. Perrine Academy Of The Arts, Southwood Middle School, and Arthur And Polly Mays Conservatory Of The Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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