$1,699,000
8320 SW 161st Street
Palmetto Bay, FL 33157
SOUTHWOOD 1ST ADDN
Explore the area: Palmetto Bay homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $1,699,000
- Price per sq ft
- $535
- Vs. nearby sales
- 41.2% above
- Days on market
- 104
This 5-bedroom single-family home in ZIP 33157 went under contract with an asking price of $1,699,000, or $535 per square foot. The asking price has come down 5.1% from its original $1,790,000. It spent 104 days on the market before going under contract. The 5 most recent single-family home sales in the closings shown below sold at a median of $379 per square foot, so the asking price was 41.2% above what comparable homes here actually sold for.
Estimated monthly payment
$8,929 /mo
Principal and interest only, based on $339,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,699,000
- Days on Site
- 104 Days
- Bedrooms
- 5
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- 0
- Living Area
- 3,178 sqft
- Total Sq Ft
- 3,711 sqft
- Lot Size
- 0.39 Acres
- Year Built
- 1961
- Property Type
- Single Family
- MLS #
- A12031171
- Property Tax
- $5,650 (2025)
- Subdivision
- SOUTHWOOD 1ST ADDN
- County
- Miami Dade
- Status
- Under Contract
About This Property
INSTANT EQUITY AT CLOSING! Selling under appraised value! Welcome to this stunning, turnkey Palmetto Bay luxury oasis, completely renovated with over $300K in high-end upgrades. Boasting an expansive 16,800 sq ft lot, this home greets you with an inviting front living room that flows into a grand family room with soaring vaulted ceilings and exposed beams, flooding the space with light. Versatile layout includes 4 bedrooms upstairs, featuring a massive extra room perfect for a game room or office, with a private door to a balcony and a private staircase leading directly to the backyard. With an additional bedroom downstairs and separate private entrances for both levels, this floor plan offers perfect independent living/Multigenerational setups or rental potential. Chef’s kitchen awaits with a walk-in pantry, premium KitchenAid appliances, new refrigerator, and a custom coffee/wine station. Escape to the primary sanctuary with a large walk-in closet, private terrace access, and a spa bath with a soaking tub. Ideal for toy owners, exterior boasts a 450 sqft hurricane-resistant boat/RV port, 2-car garage with air pump, and an oversized driveway. Resort backyard is a tropical paradise with a 6-foot deep tiled pool and covered porches and wood deck area. Structural updates include a newer roof, new impact windows, newer A/C, natural gas, a tankless water heater. Near trails, the bay, Coral Reef Park. Seller financing available! Reach out for more details!
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1961
- Property Condition
- Resale
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 2
- Parking
- Covered / Carport / Detached Carport / Garage / Garage Door Opener
- Direction Faces
- North
- Lot Size (Acres)
- 0.39
- Living Sq Ft
- 3,178
- Total Sq Ft
- 3,711
- Sewer
- Septic Tank
- Water Source
- Public / Well
- Zoning
- 2100
Interior Features
- Appliances
- Dryer / Dishwasher / Disposal / Gas Range / Gas Water Heater / Ice Maker / Refrigerator / Washer
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Flooring
- Vinyl
- Interior Features
- Wet Bar / Closet Cabinetry / Main Level Primary / Separate Shower / Upper Level Primary / Walk In Closets
Exterior Features
- Construction
- Block / Frame
- Roof
- Flat / Shingle / Tile
- Exterior Features
- Lighting / Outdoor Living Area
- Private Pool
- Yes
- Pool Features
- In Ground
- Patio & Porch
- Patio
- Lot Features
- Oversized Lot
Community & HOA
- Association Amenities
- None
- Financing Terms
- Conventional / FHA / Other / Va Loan
- Restrictions
- No Restrictions
- MLS Area
- 2500
Schools
- Elementary School
- Coral Reef (Miami-Dade)
- Middle School
- Southwood
- High School
- Miami Palmetto
About the Area
Browse Palmetto Bay homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Palmetto Bay includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Palmetto Bay listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 106
- Under Contract
- 39
- Median List Price
- $1,495,000
- Median Sale Price (September)
- $1,217,500
- Median $/Sq Ft
- $560
- Avg Days on Market
- 93
Frequently Asked Questions
- How do I schedule a tour of 8320 SW 161st Street, Palmetto Bay, FL 33157?
- Use the Tour button on this listing to request a showing of 8320 SW 161st Street, Palmetto Bay, FL 33157. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 8320 SW 161st Street, Palmetto Bay, FL 33157 still available?
- 8320 SW 161st Street, Palmetto Bay, FL 33157 is currently listed as Under Contract, and has been on the market 104 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 8320 SW 161st Street, Palmetto Bay, FL 33157?
- With 20% down ($339,800) on the $1,699,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 8320 SW 161st Street, Palmetto Bay, FL 33157 is about $8,929/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 8320 SW 161st Street, Palmetto Bay, FL 33157?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 8320 SW 161st Street, Palmetto Bay, FL 33157. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 8320 SW 161st Street, Palmetto Bay, FL 33157?
- 8320 SW 161st Street, Palmetto Bay, FL 33157 is zoned for Coral Reef (Miami-Dade) (elementary), Southwood (middle), Miami Palmetto (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 8320 SW 161st Street, Palmetto Bay, FL 33157?
- Often, yes. The right offer on 8320 SW 161st Street, Palmetto Bay, FL 33157 depends on how it's priced against comparable single family sales in Palmetto Bay, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Keller Williams Capital Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,699,000
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Listed by Ricky Kallabat, Keller Williams Capital Realty
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Recent Sales
Recently sold homes in ZIP 33157
These are the last 6 recorded closings in ZIP 33157, with the price each home actually sold for rather than what it was listed at. They closed at a median of $379 per square foot. The most recent closed on October 9, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$520,000
Sold · October 9, 2026
10204 SW 173rd Street
4 bed · 2 bath · 1,372 sqft · $379/sqft
$29,000 under the asking price
Sold$922,000
Sold · October 9, 2026
15200 SW 88th Avenue
3 bed · 2 bath · 2,536 sqft · $364/sqft
$227,000 under the asking price
Sold$50,000
Sold · October 9, 2026
18677 SW 103rd Court
0 bed · 0 bath
$30,000 under the asking price
Sold$585,000
Sold · October 9, 2026
19930 Christmas Road
4 bed · 2 bath · 1,147 sqft · $510/sqft
Sold$520,000
Sold · October 9, 2026
11030 SW 153rd Street
3 bed · 1 bath · 1,078 sqft · $482/sqft
$10,000 over the asking price
Sold$310,000
Sold · October 7, 2026
10210 SW 173rd Street
4 bed · 2 bath · 1,250 sqft · $248/sqft
$90,000 under the asking price
See every recorded sale in ZIP 33157 or find out what your ZIP 33157 home is worth.
