9720 SW 181st Terrace Palmetto Bay, FL 33157
2
Beds
1
Bath
650
Sq Ft
0.28
Acres
Highlights
- No HOA
- Den
- 1-Story Property
- Dr. Henry E. Perrine Academy Of The Arts Rated A-
- Ceramic Tile Flooring
- Central Heating and Cooling System
About This Home
As of December 2024Discover a rare opportunity to own a 12,080 SQFT lot in Palmetto Bay’s highly desirable "Opportunity Zone." Zoned for both commercial and residential development, this property is perfect for investors and developers eager to tap into the area’s growth potential. Currently, it features a well-maintained, owner-occupied 2-bedroom, 1-bath home with a nearly new roof and plenty of remaining life—ideal for comfortable living or rental income while planning future projects.
With endless possibilities, from constructing modern townhomes to commercial office spaces, this property is a visionary’s dream. Located just 3-5 minutes walking distance from a new Lennar development, the area is rapidly evolving, offering long-term value. Don't miss this must-see opportunity!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $854
Year Built
- Built in 1950
Lot Details
- 0.28 Acre Lot
- Northwest Facing Home
- Fenced
- Property is zoned 0100
Home Design
- Shingle Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 650 Sq Ft Home
- 1-Story Property
- Family Room
- Den
- Ceramic Tile Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- Driveway
- Open Parking
Utilities
- Central Heating and Cooling System
- Septic Tank
Community Details
- No Home Owners Association
- Morningside Acres Subdivision
Listing and Financial Details
- Assessor Parcel Number 33-50-32-007-0380
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2024 12/18/24 | Sold | $480,000 | -2.0% | $738 / Sq Ft |
| 12/02/2024 12/02/24 | Pending | -- | -- | -- |
| 11/09/2024 11/09/24 | Price Changed | $490,000 | -10.9% | $754 / Sq Ft |
| 10/16/2024 10/16/24 | Price Changed | $550,000 | -16.0% | $846 / Sq Ft |
| 10/08/2024 10/08/24 | Price Changed | $655,000 | -3.0% | $1,008 / Sq Ft |
| 09/29/2024 09/29/24 | For Sale | $675,000 | -- | $1,038 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $854 | $75,764 | -- | -- |
| 2023 | $854 | $73,558 | $0 | $0 |
| 2022 | $830 | $71,416 | $0 | $0 |
| 2021 | $811 | $69,336 | $0 | $0 |
| 2020 | $808 | $68,379 | $0 | $0 |
| 2019 | $799 | $66,842 | $0 | $0 |
| 2018 | $0 | $65,596 | $0 | $0 |
| 2017 | $1,011 | $64,247 | $0 | $0 |
| 2016 | $991 | $62,926 | $0 | $0 |
| 2015 | $995 | $62,489 | $0 | $0 |
| 2014 | $995 | $61,994 | $0 | $0 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $384,000 | New Conventional | |
| Closed | $384,000 | New Conventional | |
| Previous Owner | $50,000 | No Value Available |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $480,000 | Advisors Title | |
| Warranty Deed | $480,000 | Advisors Title | |
| Interfamily Deed Transfer | -- | Attorney | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $28,000 | -- | |
| Warranty Deed | $55,000 | -- | |
| Quit Claim Deed | $100 | -- |
Source: Public Records
Similar Home in Palmetto Bay, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11667815
APN: 33-5032-007-0380
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