$950,000
Sold · May 22, 2026
8700 SW 159th Street
Palmetto Bay, FL 33157
Explore the area: Palmetto Bay homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $950,000
- Vs. list price
- 4.5% under
- Days on market
- 125
- Price per sq ft
- $499
This 3-bedroom single-family home in Coral Reef Estates sold for $950,000 on May 22, 2026. That was 4.5% below its final list price of $995,000. It first came on the market at $1,250,000, so the price was adjusted before it sold. It spent 125 days on the market. At $499 per square foot, it closed 13.1% below the $574 median of the 6 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $950,000
- Sold On
- May 22, 2026
- Days on Site
- 125 Days
- Bedrooms
- 3
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,902 sqft
- Total Sq Ft
- 2,167 sqft
- Lot Size
- 0.35 Acres
- Year Built
- 1965
- Property Type
- Single Family
- MLS #
- A11923257
- Property Tax
- $4,036 (2025)
- Subdivision
- CORAL REEF ESTATES
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Palmetto Bay Paradise! Welcome to a home you’ll never want to leave - especially the backyard. Enjoy a sparkling heated pool, spacious Chickee Hut, exceptional outdoor entertaining areas surrounded by lush, private landscaping. This corner-lot gem offers both comfort and peace of mind with impact doors and windows, a flat tile roof (2011), and fully replaced HVAC ductwork (2023). Additional upgrades include relined pipes with a 50-year warranty, dusk-to-dawn LED exterior lighting, and a stamped concrete driveway. Open-concept layout features wood floors, two new ovens, and a new washer and dryer. A powered storage shed adds extra functionality and convenience. This home is the perfect blend of style, thoughtful upgrades, and outdoor enjoyment—true Palmetto Bay living at its finest.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1965
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 0
- Parking
- Boat / Driveway / Rv Access Parking
- Direction Faces
- North
- Lot Size (Acres)
- 0.35
- Living Sq Ft
- 1,902
- Total Sq Ft
- 2,167
- Sewer
- Septic Tank
- Water Source
- Public
- Zoning
- 2100
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Wood
- Interior Features
- Breakfast Bar / Bedroom On Main Level / Eat In Kitchen / Kitchen Dining Combo / Separate Shower / Stacked Bedrooms / Walk In Closets
- Windows
- Blinds
Exterior Features
- Construction
- Block
- Roof
- Flat / Tile
- Exterior Features
- Lighting / Other
- Architectural Style
- Ranch
- Private Pool
- Yes
- Pool Features
- Free Form / Heated / In Ground / Other
- Lot Features
- Corner Lot / Quarter To Half Acre Lot
- View
- Garden / Pool
Community & HOA
- Association Amenities
- None
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 2500
Schools
- Elementary School
- Coral Reef (Miami-Dade)
- Middle School
- Southwood
- High School
- Miami Palmetto
About the Community
Coral Reef Estates is a community in Palmetto Bay, Miami-Dade County, Florida. Active listings are priced from $940,000 to $1,500,000. Homes were built between 1959 and 1966. Pure Equity lists homes in Coral Reef Estates and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 3
- Median List Price
- $1,225,000
- Median $/Sq Ft
- $568
- Avg Days on Market
- 71
Frequently Asked Questions
- How do I schedule a tour of 8700 SW 159th Street, Palmetto Bay, FL 33157?
- Use the Tour button on this listing to request a showing of 8700 SW 159th 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 8700 SW 159th Street, Palmetto Bay, FL 33157 still available?
- 8700 SW 159th Street, Palmetto Bay, FL 33157 is currently listed as Sold, and has been on the market 125 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 8700 SW 159th Street, Palmetto Bay, FL 33157?
- With 20% down ($199,000) on the $995,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 8700 SW 159th Street, Palmetto Bay, FL 33157 is about $5,229/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 8700 SW 159th Street, Palmetto Bay, FL 33157?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 8700 SW 159th 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 8700 SW 159th Street, Palmetto Bay, FL 33157?
- 8700 SW 159th 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 8700 SW 159th Street, Palmetto Bay, FL 33157?
- Often, yes. The right offer on 8700 SW 159th 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 BHHS EWM 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.
$950,000
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Listed by Christine L Stiphany, BHHS EWM Realty
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Recent Sales
Recently sold homes in Coral Reef Estates
These are the last 6 recorded closings in Coral Reef Estates, with the price each home actually sold for rather than what it was listed at. They closed at a median of $580 per square foot. The most recent closed on July 20, 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$1,450,000
Sold · July 20, 2026
15845 SW 87th Avenue
4 bed · 3 bath · 3,000 sqft · $483/sqft
$145,000 under the asking price
Sold$885,000
Sold · July 10, 2026
15821 SW 86th Avenue
3 bed · 2 bath · 1,436 sqft · $616/sqft
$5,000 under the asking price
Sold$980,000
Sold · June 3, 2026
15720 SW 87th Court
3 bed · 2 bath · 1,504 sqft · $652/sqft
Sold$833,000
Sold · May 11, 2026
15501 SW 88th Avenue
3 bed · 2 bath · 1,470 sqft · $567/sqft
$66,900 under the asking price
Sold$820,000
Sold · January 16, 2026
15420 SW 86th Avenue
3 bed · 2 bath · 1,413 sqft · $580/sqft
$29,900 under the asking price
Sold$1,125,000
Sold · November 13, 2025
8845 SW 156th Terrace
4 bed · 3 bath · 3,021 sqft · $372/sqft
$50,000 under the asking price
See every recorded sale in Coral Reef Estates or find out what your Coral Reef Estates home is worth.
