$845,000
Sold · July 28, 2025
8411 SW 162nd Terrace
Palmetto Bay, FL 33157
MIRELDA ESTATES
Explore the area: Palmetto Bay homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $845,000
- Vs. list price
- 10.6% under
- Days on market
- 92
- Price per sq ft
- $429
This 4-bedroom single-family home in ZIP 33157 sold for $845,000 on July 28, 2025. That was 10.6% below its final list price of $945,000. It first came on the market at $1,095,000, so the price was adjusted before it sold. It spent 92 days on the market. At $429 per square foot, it closed 8.9% below the $471 median of the 5 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $845,000
- Sold On
- July 28, 2025
- Days on Site
- 92 Days
- Bedrooms
- 4
- Total Baths
- 3
- Full Baths
- 2
- Partial Baths
- 1
- Living Area
- 1,970 sqft
- Total Sq Ft
- 2,949 sqft
- Lot Size
- 0.35 Acres
- Year Built
- 1992
- Property Type
- Single Family
- MLS #
- A11773833
- Property Tax
- $5,466 (2024)
- Subdivision
- MIRELDA ESTATES
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
This charming 4-bedroom, 2.5-bath single-story home offers comfort, space, and long-term value on a generous 15,000 SF lot. A brand-new flat concrete tile roof is currently being installed (completion in approx. 5–6 weeks) and is now included in the reduced price. Whether you're looking to simplify after sending the kids off to college or you're a young couple ready to put down roots, this home has all the essentials: a smart layout, solid bones, and room to personalize. The expansive backyard—with a covered patio—offers endless possibilities for outdoor living, gardening, play space, or relaxing under the mango tree.Set in a desirable location with added value from the start, this is a rare opportunity to make a smart move and create a space that's truly your own.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1992
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Covered / Driveway / Garage
- Direction Faces
- North
- Lot Size (Acres)
- 0.35
- Living Sq Ft
- 1,970
- Total Sq Ft
- 2,949
- Sewer
- Public Sewer
- Water Source
- Other
- Zoning
- 2100
Interior Features
- Appliances
- Dryer / Dishwasher / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central
- Flooring
- Laminate / Tile
- Interior Features
- Bedroom On Main Level / Living Dining Room / Multiple En Suite Bathrooms
- Total Rooms
- 1
Exterior Features
- Construction
- Block
- Roof
- Flat / Tile
- Exterior Features
- Barbecue
- Waterfront Features
- None
Community & HOA
- Association Amenities
- Picnic Area
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional / FHA
- 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
- 153
- Median List Price
- $1,495,000
- Median $/Sq Ft
- $553
- Avg Days on Market
- 98
Frequently Asked Questions
- How do I schedule a tour of 8411 SW 162nd Terrace, Palmetto Bay, FL 33157?
- Use the Tour button on this listing to request a showing of 8411 SW 162nd Terrace, 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 8411 SW 162nd Terrace, Palmetto Bay, FL 33157 still available?
- 8411 SW 162nd Terrace, Palmetto Bay, FL 33157 is currently listed as Sold, and has been on the market 92 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 8411 SW 162nd Terrace, Palmetto Bay, FL 33157?
- With 20% down ($189,000) on the $945,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 8411 SW 162nd Terrace, Palmetto Bay, FL 33157 is about $4,966/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 8411 SW 162nd Terrace, Palmetto Bay, FL 33157?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 8411 SW 162nd Terrace, 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 8411 SW 162nd Terrace, Palmetto Bay, FL 33157?
- 8411 SW 162nd Terrace, 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 8411 SW 162nd Terrace, Palmetto Bay, FL 33157?
- Often, yes. The right offer on 8411 SW 162nd Terrace, 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 New Miami 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 July 1, 2026.
$845,000
Own a home nearby?
This sale is now a comparable for every home around it. Get a free estimate of what yours would sell for today.
Listed by Camila Restrepo, New Miami Realty
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
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 $471 per square foot. The most recent closed on October 5, 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$940,000
Sold · October 5, 2026
8445 SW 181st Terrace
4 bed · 3 bath · 2,190 sqft · $429/sqft
$5,000 under the asking price
Sold$810,000
Sold · October 5, 2026
17721 SW 93rd Avenue
3 bed · 2 bath · 1,651 sqft · $491/sqft
$15,000 under the asking price
Sold$1,620,000
Sold · October 4, 2026
7439 SW 168th Terrace
5 bed · 4.5 bath · 4,527 sqft · $358/sqft
$30,000 under the asking price
Sold$195,000
Sold · October 2, 2026
11040 SW 196th Street 203
2 bed · 2 bath · 809 sqft · $241/sqft
$3,000 under the asking price
Sold$580,000
Sold · October 2, 2026
19721 SW 114th Place
3 bed · 2 bath · 1,103 sqft · $526/sqft
$9,500 under the asking price
Sold$599,900
Sold · October 2, 2026
11370 SW 186th Street
3 bed · 2 bath · 1,274 sqft · $471/sqft
See every recorded sale in ZIP 33157 or find out what your ZIP 33157 home is worth.
