NOT LISTED FOR SALE

8701 SW 159th St Palmetto Bay, FL 33157

Estimated Value: $936,000 - $1,096,000

3 Beds
2 Baths
1,755 Sq Ft
$564/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $850,500 $485 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,201/month

54 Days on Market

Highlights

  • Pool is Self Cleaning
  • Pool View
  • Tile Flooring
  • Coral Reef Elementary School Rated A
  • Impact Glass
  • Central Heating and Cooling System

About This Home

As of May 2023

A true tropical oasis boasting a 17,000 sqft corner lot designed to be a true extension of the home. Tastefully remodeled with designer finishes and a wide-open layout. Don't miss out on this unique property in one of the most sought-after neighborhoods with easy access to everything the "Magic City" has to offer!

Last Agent to Sell the Property

Eric Morales

E Capital Realty Inc License #3308803 Listed on: 01/21/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,858

Year Built

  • Built in 1959

Lot Details

  • 0.4 Acre Lot
  • East Facing Home
  • Property is zoned 2100

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 1,755 Sq Ft Home
  • 1-Story Property
  • Furnished or left unfurnished upon request
  • Tile Flooring
  • Pool Views
  • Impact Glass

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Driveway

Pool

  • Pool is Self Cleaning

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • Coral Reef Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33-50-28-005-0830

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,858

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: SW 87 Ave + 159 St
  • Year Built: 1959
  • Architectural Style: Ranch, One Story
  • Carport Y N: Yes
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, First Floor Entry
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Living Area: 1755.0
  • Dining Room Type: Other, Storage Room
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Security/High Impact Doors
  • View: Pool
  • Pool Features: Cleaning System, In Ground, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Carport Spaces: 1.0
  • Garage Yn: No
  • Parking Features: Covered, Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Pets Allowed: No Pet Restrictions, Yes

Lot Info

  • Parcel #: 33-50-28-005-0830
  • Lot Size Sq Ft: 17420.0
  • Zoning Description: 2100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4858.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2023
Closed on
May 8, 2023
Sold by
Carvajal Erica Pamela Toro and Andres Javi
Bought by
Caravetti Bruno G and Dos Santos Isla
Seller's Agent
Eric Morales
E Capital Realty Inc
List Price
$889,000
Sold Price
$850,500
Premium/Discount to List
-$38,500
-4.33%
Views
101
Current Estimated Value
$989,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,510
Avg. Annual Appreciation
6.30%
Original Mortgage
$722,925
Outstanding Balance
$702,417
Interest Rate
6.28%
Mortgage Type
Construction
Estimated Equity
$286,593

Purchase Details

Listed on
Aug 9, 2013
Closed on
Sep 27, 2013
Sold by
Demarchena Ismael J
Bought by
Carvajal Erica Pamela Toro and Castelbanco Andres Javier
Seller's Agent
Ismael De Marchena
Real Estate TeamMates
Buyer's Agent
Ivon Gonzalez
Prime Realty of South Florida
List Price
$379,000
Sold Price
$383,000
Premium/Discount to List
$4,000
1.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%
Original Mortgage
$306,400
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 6, 2012
Closed on
Jun 7, 2013
Sold by
Smith Michael D and Smith Alma D
Bought by
Demarchena Ismael J
Seller's Agent
Anthony Askowitz
RE/MAX Advance Realty II
Buyer's Agent
Anthony Askowitz
RE/MAX Advance Realty II
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
330.86%

Purchase Details

Closed on
Jan 31, 2006
Sold by
Ruehl Harry August and Ruehl Diane Young
Bought by
Smith Michael D and Martinez Alma D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 12, 1994
Sold by
Nelson David B and Nelson Carrie R
Bought by
Ruehl Harry August and Ruehl Diane Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,400
Interest Rate
7.26%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Caravetti Bruno G $850,500 Americas Title Group
Carvajal Erica Pamela Toro $383,000 Attorney
Demarchena Ismael J $240,000 Assure America Title Company
Smith Michael D $505,000 None Available
Ruehl Harry August $136,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caravetti Bruno G $722,925
Previous Owner Carvajal Erica Pamela Toro $306,400
Previous Owner Smith Michael D $404,000
Previous Owner Ruehl Harry August $109,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/08/2023 05/08/23 Sold $850,500 -4.3% $485 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
01/21/2023 01/21/23 For Sale $889,000 +132.1% $507 / Sq Ft
09/30/2013 09/30/13 Sold $383,000 +1.1% $206 / Sq Ft View Prior Sale
08/14/2013 08/14/13 Pending -- -- --
08/13/2013 08/13/13 For Sale $379,000 0.0% $204 / Sq Ft
08/12/2013 08/12/13 Pending -- -- --
08/09/2013 08/09/13 For Sale $379,000 +57.9% $204 / Sq Ft
06/05/2013 06/05/13 Sold $240,000 -4.0% $129 / Sq Ft View Prior Sale
10/01/2012 10/01/12 Pending -- -- --
07/06/2012 07/06/12 For Sale $249,900 -- $134 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $12,169 $720,486 -- --
2024 $5,263 $700,181 $518,720 $181,461
2023 $5,263 $309,973 $0 $0
2022 $5,061 $300,945 $0 $0
2021 $5,037 $292,180 $0 $0
2020 $4,940 $288,146 $0 $0
2019 $4,827 $281,668 $0 $0
2018 $4,612 $276,417 $0 $0
2017 $4,593 $270,732 $0 $0
2016 $4,558 $265,164 $0 $0
2015 $4,635 $263,321 $0 $0
2014 $4,688 $261,232 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Eric Morales

    E Capital Realty Inc

    (305) 569-0999

    1 in this area

    46 Total Sales

    Eric Morales
    Section Image

  • I

    Seller's Agent in 2013

    Ismael De Marchena

    Real Estate TeamMates

    (305) 357-5550

    12 Total Sales

    Ismael De Marchena
    Section Image
  • Anthony Askowitz

    Seller's Agent in 2013

    Anthony Askowitz

    RE/MAX

    (305) 807-9079

    17 in this area

    248 Total Sales

    Anthony Askowitz
    Section Image
  • Ivon Gonzalez

    Buyer's Agent in 2013

    Ivon Gonzalez

    Prime Realty of South Florida

    (786) 663-3897

    34 Total Sales

    Ivon Gonzalez
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10364767

BeachesMLS (Greater Fort Lauderdale)

APN: 33-5028-005-0830

Florida Miami/Dade County Palmetto Bay 33157

8701 SW 159th St, Palmetto Bay, FL

This home is located at 8701 SW 159th St, Palmetto Bay, FL 33157 since 21 January 2023 and is currently estimated at $989,010, approximately $563 per square foot. This property was built in 1959. 8701 SW 159th St is a home located in Miami-Dade County with nearby schools including Coral Reef Elementary School, 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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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