Miami-Dade County  »  33156  »  SW 116th Ter  »  7331 SW 116th Ter

7331 Southwest 116th Terrace, Miami, FL 33156 Property Information

7331 Southwest 116th Terrace, Miami, FL 33156 Property Information

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  • Owner
  • Documents
  • Tax
  • Neighborhood
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7331 Southwest 116th Terrace, Miami, FL 33156
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Address

Primary address 7331 Southwest 116th Terrace, Miami
Zip code 33156
County Miami-Dade
Municipality Pinecrest
Neighborhood Montgomery East - Palmetto East
Parcel ID 2050110220210

Sales & Tax Overview for 7331 Southwest 116th Terrace, Miami

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 12/29/1998
Sale price $290,000
Arm's length
Current property tax $7,141

Lot & Building Information for 7331 Southwest 116th Terrace, Miami

Building sqft 3,626
Building class Residential - Single Family: 1 Unit (0101)
Acreage 0.344
Year built 1962
Stories 1
Units 1
Bedrooms 4
Bathrooms 3
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
School district Miami-Dade County Public Schools

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Other Property Data for 7331 Southwest 116th Terrace, Miami

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  • • Improvements for 7331 Southwest 116th Terrace, Miami , including their type, square footage, grade and when they were built.
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About 7331 Southwest 116th Terrace, Miami

What is the year built & the total sq. ft. for 7331 Southwest 116th Terrace, Miami, FL 33156?

7331 Southwest 116th Terrace, Miami, FL 33156 was built in 1962 and has a total of 3,626 square feet.

What is the assessed value of 7331 Southwest 116th Terrace, Miami, FL 33156 and the property tax paid?

Assessed at $448,420, the tax amount paid for 7331 Southwest 116th Terrace, Miami, FL 33156 is $12,853.

When was 7331 Southwest 116th Terrace, Miami, FL 33156 last sold and what was the last sale price?

7331 Southwest 116th Terrace, Miami, FL 33156 was last sold in 12/29/1998 for $290,000.

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, Apr 09, 2026 How to Do a Title Search on Property Yourself: A Step-by-Step Online GuideĀ 
A property title search is the process of reviewing public records to confirm who legally owns a property and whether there are any liens, mortgages or legal claims attached to it. Explore our step-by-step guide explaining how you can perform a title search yourself. 
Laura Pop-Badiu, Mar 31, 2026 Property Owners Map: How to See Ownership Details and Parcel Lines
If you’re trying to find property owners by map, evaluate nearby parcels or understand how properties connect, a map-based approach makes the process faster, clearer and more intuitive.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 7331 Southwest 116th Terrace, Miami

Create a free account to view the complete sales history for 7331 Southwest 116th Terrace, Miami, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
12/29/1998 $290,000

Title Documents for 7331 Southwest 116th Terrace, Miami

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Maturity Document Related documents Doc image
04/05/2018 - D
04/09/2018 - R
Assignment of Mortgage
06/10/2014 - D
06/11/2014 - R
Mortgage
10/17/2001 - R Mortgage
12/29/1998 - R Warranty Deed
11/06/1987 - R Warranty Deed
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R: Recorded date
D: Document date

Property Taxes for 7331 Southwest 116th Terrace, Miami

Access detailed property tax data for 7331 Southwest 116th Terrace, Miami, FL 33156. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Base tax $12,854
Current property tax $7,141
Market value $1,201,436
Assessed value $448,420

Assessment History for 7331 Southwest 116th Terrace, Miami

Here's the assessment & property tax history for 7331 Southwest 116th Terrace, Miami, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2024 $1,246,886 $435,783 17.3897 $12,933 +6.68%
2023 $1,127,892 $423,091 17.4951 $12,123 +18.94%
2022 $867,710 $410,768 17.4843 $10,193 +7.55%
2021 $725,206 $398,804 18.0273 $9,477 -19.47%
2020 $650,959 $393,298 18.0788 $11,769 -0.87%

Miami residential market stats

Median Sale Price
$530,000
1% YoY
Median Price/Sqft
$330
-4.3% YoY
Miami-Dade County Median Sale Price
$510,000
0% YoY

Access a detailed real estate market overview of Miami so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Miami and compare it to other neighborhoods in Miami-Dade County.

Check out recently sold homes in Miami and see how their prices compare.

Risk

Create a free account to unlock extended information for 7331 Southwest 116th Terrace, Miami, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).

FEMA flood zone(s) AE (See more on map)

Transportation

Access the detailed traffic volume map for 7331 Southwest 116th Terrace, Miami to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

View daily traffic map

Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
Miami Palmetto Senior High Adult NR Public 0 0.23
Palmetto Elementary School 10 Public PK, K-5 666 0.62
Palmetto Elementary School 10 Public PK, K-5 666 0.62
The Roig Academy NR Private PK, K-8 52 0.76
The Roig Academy NR Private PK, K-8 52 0.76

Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
Miami Palmetto Senior High Adult NR Public 0 0.23
Miami Palmetto Senior High School 6 Public 8-12 2,671 0.24
Palmetto Middle School 6 Public 6-8 838 0.70
The Roig Academy NR Private PK, K-8 52 0.76
Vineland K-8 Center 10 Public PK, K-8 740 1.17

Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
Miami Palmetto Senior High Adult NR Public 0 0.23
Miami Palmetto Senior High School 6 Public 8-12 2,671 0.24
American Academy of Pinecrest NR Private 9-12 0 1.24
Xceed Preparatory Academy (Miami) NR Private 6-12 33 1.44
Fusion Academy - Miami NR Private 7-12 41 1.54

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 7331 Southwest 116th Terrace, Miami

Here are the neighbors for 7331 Southwest 116th Terrace, Miami.

Address Square feet Purchase date Purchase price
11800 SW 72nd Pl, Miami 2,851 06/23/2016 $785,000
11900 SW 72nd Pl, Miami 3,874 05/16/2013 $756,000
7361 SW 116th Ter, Miami 2,473 10/31/2023 $10
7301 SW 116th Ter, Miami 4,257 05/07/2009 $450,000
7331 SW 117th Ter, Miami 2,632 07/06/2000 $330,000
7391 SW 117th Ter, Miami 4,160 09/12/2012 $495,000
11890 SW 72nd Pl, Miami 3,168 07/06/1995 $237,000
7300 SW 116th Ter, Miami 3,493 10/18/2007 $10
7380 SW 116th St, Miami 4,142 08/08/2022 $10
7381 SW 116th Ter, Miami 4,194 10/07/2025 $10
7301 SW 117th Ter, Miami 3,720 05/18/1988
11850 SW 72nd Pl, Miami 4,678 08/18/2007 $10
7360 SW 116th St, Miami 2,358 04/11/1984
7391 SW 116th Ter, Miami 3,652 07/07/2007 $10
7381 SW 117th Ter, Miami 2,711 11/13/2025 $10
7361 SW 117th Ter, Miami 2,902 07/11/2025 $10
11950 SW 72nd Pl, Miami 3,463 08/01/2013 $650,000
7300 SW 116th St, Miami 2,877 04/30/2025 $1,400,000
7291 SW 117th Ter, Miami 3,983 11/03/1997 $315,000
7330 SW 116th St, Miami 3,196 01/30/1979

Nearby ZIP Codes for 7331 Southwest 116th Terrace, Miami

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