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Backup Offers

7440 SW 162nd St, Palmetto Bay, FL, 33157

$1,875,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
3,156 SqFt
$594/SqFt
House
Schools Nearby

Location

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7440 SW 162nd St, Palmetto Bay$1,875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Circular Driveway, Driveway, Garage, Garage Door Opener
Attached Garage2 spaces
Year Built1972
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
ViewGarden, Pool
MLS #A11551979
StatusAccepting Backup Offers
(Active Under Contract)

About 7440 SW 162nd St

Pristine 4/2 home with detached 2018-built one bedroom cottage retreat in one of Palmetto Bay’s most desirable neighborhoods. Surrounded by a mature oak grove, this property offers a secluded and lushly landscaped backyard paradise and pool ideal for entertainment. This oasis presents a rare opportunity to own two separate homes in one. Metal roof new in 2022, impact windows and doors. Gas fireplace and full-house generator in cottage. Easy access to Biscayne Bay, excellent public and private schools, shopping and The Deering Estate.

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1972
  • Stories: 1
  • Living Area: 3,156 SqFt

Listing Office:

  • Office Name: BHHS EWM Realty
  • Office Phone: (305) 960-2400
  • Listing Agent: Drew Kern

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Flooring Type: Carpet, Marble
  • Interior: Bedroom on Main Level, Dual Sinks, Eat-in Kitchen, First Floor Entry, Fireplace, Living/Dining Room, Split Bedrooms, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Garden, Pool
  • Exterior: Enclosed Porch, Fence, Security/High Impact Doors, Lighting, Porch, Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Circular Driveway, Driveway, Garage, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Sprinklers

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

School Info

Assigned Schools Information:

  • Miami Palmetto Senior High School, Public Magnet Grades 9-12
  • Southwood Middle School, Public Magnet Grades 6-8
  • Coral Reef Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,875,000
  • Price Per SqFt: $594/SqFt

Tax Information:

  • Annual Amount: $9,557
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palmetto Bay, FL.

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Palmetto Bay, FL

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$441

Avg. Days On Market

76

# of Sold Homes

27

7440 SW 162nd St vs Palmetto Bay

39 DAYS ON ROCKET

-37 Days

$1,875,000

+$801.6K More

$594/SqFt

+$153 More

KEY TAKEAWAY

This property is $801.6K more than the Median Sold Price and $153/SqFt more than other homes in Palmetto Bay, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11551979

Listing Office:

  • Office Name: BHHS EWM Realty
  • Office Phone: (305) 960-2400
  • Listing Agent: Drew Kern

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 2:25:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,557$518,219
2018$9,645$403,176
2017$9,622$394,884

History based on county public records data.

Payment Calculator

$9,426

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,688

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-989239
9
/10

  • Coral Reef Elementary School

  • 7955 SW 152nd St

  • 0.89 miles

  • Public District Grades PK-5

Middle School

school-card-donut-989240
8
/10

  • Southwood Middle School

  • 16301 SW 80th Ave

  • 0.50 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-989241
6
/10

  • Miami Palmetto Senior High School

  • 7460 SW 118th St

  • 2.78 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $131,395. The most common annual income of people living in Palmetto Bay, FL is between $100k-200k. Typical family type is married, with kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7440 SW 162nd St

What is the listing price of this property?

The listing price of 7440 SW 162nd St property is $1,875,000.

What type of property is this?

The property 7440 SW 162nd St is a house located in Palmetto Bay, Florida, 33157.

Is this property for sale now?

Accepting Backup Offers: 7440 SW 162nd St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 7440 SW 162nd St are:
Coral Reef Elementary School: GreatSchools Rating 9/10
Southwood Middle School: GreatSchools Rating 8/10
Miami Palmetto Senior High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,557 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7440 SW 162nd St has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 7440 SW 162nd St is 3,156 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7440 SW 162nd St is 1972.

Rocket Homes›Florida›Miami-Dade County›Palmetto Bay›33157›7440 SW 162nd St

This home is located at 7440 SW 162nd St in Palmetto Bay, FL and zip code 33157 in the Cutler neighborhood. This 3,156 square foot home was built in 1972. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 18, 2024 and is currently priced at $1,875,000.

In March 2024, from all listings sold in Palmetto Bay, FL there were more than 4 sold above asking price, over 22 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Palmetto Bay, FL between February 2024 and March 2024 increased by 4.4%. In March 2024 median list price was $1,073,333 and the average listing age was 76 days.

From Rocket Homes Real Estate and based on county public records data.

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