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9720 SW 181st Ter, Palmetto Bay, FL, 33157

$490,000

Home List Price

$5,819*

Closing Credit

2 Bedrooms
1 Full Bath
650 SqFt
$754/SqFt
House

Location

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9720 SW 181st Ter, Palmetto Bay$490,000

Buyer Closing Credits

$5,819*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1950
HeatingCentral
CoolingCentral Air
ViewNone
MLS #A11667815
StatusActive

About 9720 SW 181st Ter

Discover 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!

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1950
  • Stories: 1
  • Living Area: 650 SqFt

Listing Office:

  • Office Name: Inspired Lifestyle Realty, LLC
  • Office Phone: (305) 234-2020
  • Listing Agent: Terry Clarke

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile
  • Interior: Bedroom on Main Level, First Floor Entry

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Fence

Parking Information:

  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 9720 SW 181st Ter
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $490,000
  • Price Per SqFt: $754/SqFt

Tax Information:

  • Annual Amount: $808
  • 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

$444

Avg. Days On Market

45

# of Sold Homes

24

9720 SW 181st Ter vs Palmetto Bay

49 DAYS ON ROCKET

+4 Days

$490,000

-$560K Less

$754/SqFt

+$310 More

KEY TAKEAWAY

This property is $560K less than the Median Sold Price and $310/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: #A11667815

Listing Office:

  • Office Name: Inspired Lifestyle Realty, LLC
  • Office Phone: (305) 234-2020
  • Listing Agent: Terry Clarke

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: 11/21/2024, 4:20:49 PM 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$808$68,379
2018$752$65,596
2017$1,011$64,247

History based on county public records data.

Payment Calculator

$2,513

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,536

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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-363721
4
/10

  • Robert Russa Moton Elementary School

  • 18050 Homestead Ave

  • 0.43 miles

  • Public Magnet Grades PK-5

school-card-donut-363722
6
/10

  • Bel-Aire Elementary School

  • 10205 SW 194th St

  • 0.99 miles

  • Public District Grades PK-5

school-card-donut-363723
8
/10

  • Whispering Pines Elementary School

  • 18929 SW 89th Rd

  • 1.11 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 $66,875. Most Palmetto Bay, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 9720 SW 181st Ter

What is the listing price of this property?

The listing price of 9720 SW 181st Ter property is $490,000.

What type of property is this?

The property 9720 SW 181st Ter is a house located in Palmetto Bay, Florida, 33157.

Is this property for sale now?

Active Listing: 9720 SW 181st Ter 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 $808 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 9720 SW 181st Ter has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 9720 SW 181st Ter is 650 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 9720 SW 181st Ter is 1950.

Rocket Homes›Florida›Miami-Dade County›Palmetto Bay›33157›9720 SW 181st Ter

This home is located at 9720 SW 181st Ter in Palmetto Bay, FL and zip code 33157 in the Perrine neighborhood. This 650 square foot home was built in 1950. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $490,000.

Palmetto Bay, FL housing market in October 2024 saw over 3 listings sold above listed price, more than 7 sold at listed price and over 14 sold below. The number of homes for sale in Palmetto Bay, FL increased by 10.5% between September 2024 and October 2024. While the average time on the market in October 2024 was 45 days, the median list price was $1,050,000.

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

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