2 months on rocket

8605 SW 162nd St, Palmetto Bay, FL, 33157

$1,675,901

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
2,215 SqFt
$757/SqFt
House

Location

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8605 SW 162nd St, Palmetto Bay$1,675,901

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Driveway, Garage, Golf Cart Garage, Guest, Garage Door Opener
Attached Garage2 spaces
Year Built1969
HeatingCentral
CoolingCentral Air
ViewNone
MLS #A11672630
StatusActive

About 8605 SW 162nd St

Remodeled in 2023, this home was expanded by 500 sq. ft., adding a new master bedroom, master bath, and a Jack and Jill bathroom, transforming it into a spacious 4-bedroom, 3-bath property. The renovation includes new plumbing, electrical systems, and AC units with a split system for enhanced comfort. The home features a new roof, 3/4 fireproof drywall, and upgraded insulation in the walls and roof. Solid wood interior doors and dual water heaters add to the premium upgrades. The air-conditioned laundry room provides extra convenience. The open kitchen layout includes a separate bar and Jenn Air panel-ready appliances for a sleek design. The property also includes a beautiful pool, perfect for relaxation and outdoor entertaining.

Property Details

Property Features

Property Information:

  • Architectural Style: One Story
  • Year Built: 1969
  • Stories: 1
  • Living Area: 2,215 SqFt

Listing Office:

  • Office Name: Serhant
  • Office Phone: (646) 480-7665
  • Listing Agent: Rafael Montejo

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal
  • Flooring Type: Ceramic Tile
  • Interior: Bedroom on Main Level, Closet Cabinetry, First Floor Entry, Pantry

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Fence, Security/High Impact Doors, Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Driveway, Garage, Golf Cart Garage, Guest, Garage Door Opener

Virtual/3D Tour

  • Virtual Tour: 8605 SW 162nd St
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Head south on US-1, turn right onto SW 168th St, left onto SW 87th Ave, then right onto SW 162nd St, and your destination, 8605 SW 162nd St, will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,675,901
  • Price Per SqFt: $757/SqFt

Tax Information:

  • Annual Amount: $7,928
  • 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

$437

Avg. Days On Market

44

# of Sold Homes

31

8605 SW 162nd St vs Palmetto Bay

73 DAYS ON ROCKET

+29 Days

$1,675,901

+$664.9K More

$757/SqFt

+$319 More

KEY TAKEAWAY

This property is $664.9K more than the Median Sold Price and $319/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: #A11672630

Listing Office:

  • Office Name: Serhant
  • Office Phone: (646) 480-7665
  • Listing Agent: Rafael Montejo

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: 12/22/2024, 5:20:49 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$7,928$414,370
2018$4,646$278,404
2017$4,627$272,678

History based on county public records data.

Payment Calculator

$8,432

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,091

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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.

Nearby Schools

school-card-donut-890084
8
/10

  • Dr. Henry E. Perrine Academy of the Arts

  • 8851 SW 168th St

  • 0.39 miles

  • Public Magnet Grades PK-5

school-card-donut-890085
9
/10

  • Coral Reef Elementary School

  • 7955 SW 152nd St

  • 0.91 miles

  • Public District Grades PK-5

school-card-donut-890086
7
/10

  • Howard Drive Elementary School

  • 7750 SW 136th St

  • 1.86 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $121,780. Most Palmetto Bay, FL residents have annual incomes between $100k-200k. Most families are married, with kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8605 SW 162nd St

What is the listing price of this property?

The listing price of 8605 SW 162nd St property is $1,675,901.

What type of property is this?

The property 8605 SW 162nd St is a house located in Palmetto Bay, Florida, 33157.

Is this property for sale now?

Active Listing: 8605 SW 162nd St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,928 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8605 SW 162nd St has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 8605 SW 162nd St is 2,215 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8605 SW 162nd St is 1969.

Rocket Homes›Florida›Miami-Dade County›Palmetto Bay›33157›8605 SW 162nd St

This home is located at 8605 SW 162nd St in Palmetto Bay, FL and zip code 33157 in the Coral Reef Estates neighborhood. This 2,215 square foot home was built in 1969. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $1,675,901.

Palmetto Bay, FL housing market in November 2024 saw over 0 listings sold above listed price, more than 15 sold at listed price and over 16 sold below. In November 2024 in Palmetto Bay, FL there were 5.4% more homes for sale than in October 2024. While the average time on the market in November 2024 was 44 days, the median list price was $1,011,000.

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

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