Miami-Dade County  »  33157  »  SW 162nd Ter  »  8940 SW 162nd Ter

8940 Southwest 162nd Terrace, Miami, FL 33157 Property Information

8940 Southwest 162nd Terrace, Miami, FL 33157 Property Information

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  • Owner
  • Documents
  • Tax
  • Neighborhood
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8940 Southwest 162nd Terrace, Miami, FL 33157
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Address

Primary address 8940 Southwest 162nd Terrace, Miami
Zip code 33157
County Miami-Dade
Municipality Palmetto Bay
Neighborhood The Landings
Parcel ID 3350280570300

Sales & Tax Overview for 8940 Southwest 162nd Terrace, Miami

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Sale date 05/03/1995
Sale price $240,000
Arm's length
Current property tax $6,223

Lot & Building Information for 8940 Southwest 162nd Terrace, Miami

Building sqft 3,881
Building class Residential - Single Family: 1 Unit (0101)
Acreage 0.428
Year built 1984
Stories 1
Units 1
Bedrooms 4
Bathrooms 2
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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 8940 Southwest 162nd Terrace, Miami

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About 8940 Southwest 162nd Terrace, Miami

What is the year built & the total sq. ft. for 8940 Southwest 162nd Terrace, Miami, FL 33157?

8940 Southwest 162nd Terrace, Miami, FL 33157 was built in 1984 and has a total of 3,881 square feet.

What is the assessed value of 8940 Southwest 162nd Terrace, Miami, FL 33157 and the property tax paid?

Assessed at $400,050, the tax amount paid for 8940 Southwest 162nd Terrace, Miami, FL 33157 is $10,761.

When was 8940 Southwest 162nd Terrace, Miami, FL 33157 last sold and what was the last sale price?

8940 Southwest 162nd Terrace, Miami, FL 33157 was last sold in 05/03/1995 for $240,000.

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 8940 Southwest 162nd Terrace, Miami

Create a free account to view the complete sales history for 8940 Southwest 162nd Terrace, Miami, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
05/03/1995 $240,000

Title Documents for 8940 Southwest 162nd Terrace, Miami

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Date Type Amount Party 1 Party 2 Maturity Document Related documents Doc image
05/03/1995 - R Warranty Deed
                 
                 
                 
                 
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R: Recorded date
D: Document date

Property Taxes for 8940 Southwest 162nd Terrace, Miami

Access detailed property tax data for 8940 Southwest 162nd Terrace, Miami, FL 33157. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Base tax $10,762
Current property tax $6,223
Market value $977,622
Assessed value $400,050

Assessment History for 8940 Southwest 162nd Terrace, Miami

Here's the assessment & property tax history for 8940 Southwest 162nd 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 $922,202 $388,776 17.3897 $10,282 +5.83%
2023 $842,073 $377,453 17.4951 $9,716 +12.10%
2022 $709,408 $366,460 17.4843 $8,667 +14.43%
2021 $518,729 $355,787 18.0773 $7,574 -6.99%
2020 $453,325 $350,875 17.9638 $8,143 -0.49%

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.

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Risk

Create a free account to unlock extended information for 8940 Southwest 162nd 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 8940 Southwest 162nd Terrace, Miami to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

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Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
Dr. Henry E. Perrine Academy Of The Arts 7 Public K-5 550 0.29
Christ Fellowship Academy NR Private PK, K-5 256 0.36
Christ Fellowship Academy NR Private PK, K-5 256 0.36
Happy Hearts Day Care Inc NR Private PK-2 77 0.72
Happy Hearts Day Care Inc NR Private PK-2 77 0.72

Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
Palmetto Bay Academy NR Private 7-12 35 0.56
Perrine SDA School NR Private PK-8 16 0.72
Career Prep Academy of South NR Private 8-12 80 0.72
Southwood Middle School 8 Public 6-8 1,098 0.95
The Carrie Brazer Center NR Private 8-12 6 1.03

Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
Palmetto Bay Academy NR Private 7-12 35 0.56
Career Prep Academy of South NR Private 8-12 80 0.72
The Carrie Brazer Center NR Private 8-12 6 1.03
VIP Christian Academy NR Private PK-12 37 1.28
Vision Academy of Excellence NR Private 6-11 0 1.33

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

Neighbors for 8940 Southwest 162nd Terrace, Miami

Here are the neighbors for 8940 Southwest 162nd Terrace, Miami.

Address Square feet Purchase date Purchase price
16125 SW 89th Pl, Miami 5,954 11/21/1996 $100,000
16275 SW 89th Pl, Miami 3,401 04/21/1997 $297,900
8935 SW 163rd Ter, Miami 3,645 04/05/1994 $54,000
16325 SW 89th CT, Miami 3,677 12/27/2012 $10
8935 SW 162nd Ter, Miami 4,922 08/22/2001 $65,000
16250 SW 89th CT, Miami 4,202 06/01/2005 $770,000
16255 SW 89th CT, Miami 3,748 02/03/2020 $699,000
16215 SW 89th Pl, Miami 3,470 02/05/1997 $265,000
16230 SW 89th CT, Miami 4,604 12/31/2014 $10
16160 SW 89th Pl, Miami 3,421 05/09/2025 $10
16355 SW 89th CT, Miami 3,534 05/03/2024 $10
8930 SW 162nd Ter, Miami 4,104 05/04/2012 $507,000
8920 SW 162nd Ter, Miami 5,375 05/11/2005 $100,000
8915 SW 163rd Ter, Miami 5,703 04/26/2022 $1,225,000
8925 SW 162nd Ter, Miami 5,361 08/04/2015 $820,000
8955 SW 163rd Ter, Miami 3,138 08/03/2020 $723,000
16235 SW 89th CT, Miami 12/22/2020 $315,000
8945 SW 162nd Ter, Miami 3,490 08/14/2003 $451,000
16120 SW 89th Pl, Miami 4,237 03/24/2021 $980,000
16140 SW 89th Pl, Miami 3,445 10/22/1997 $265,400

Nearby ZIP Codes for 8940 Southwest 162nd Terrace, Miami

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