INSTANT EQUITY AT CLOSING! Selling under appraised value! Welcome to this stunning, turnkey Palmetto Bay luxury oasis, completely renovated with over $300K in high-end upgrades. Boasting an expansive 16,800 sq ft lot, this home greets you with an inviting front living room that flows into a grand family room with soaring vaulted ceilings and exposed beams, flooding the space with light. Versatile layout includes 4 bedrooms upstairs, featuring a massive extra room perfect for a game room or office, with a private door to a balcony and a private staircase leading directly to the backyard. With an additional bedroom downstairs and separate private entrances for both levels, this floor plan offers perfect independent living/Multigenerational setups or rental potential. Chef’s kitchen awaits with a walk-in pantry, premium KitchenAid appliances, new refrigerator, and a custom coffee/wine station. Escape to the primary sanctuary with a large walk-in closet, private terrace access, and a spa bath with a soaking tub. Ideal for toy owners, exterior boasts a 450 sqft hurricane-resistant boat/RV port, 2-car garage with air pump, and an oversized driveway. Resort backyard is a tropical paradise with a 6-foot deep tiled pool and covered porches and wood deck area. Structural updates include a newer roof, new impact windows, newer A/C, natural gas, a tankless water heater. Near trails, the bay, Coral Reef Park. Seller financing available! Reach out for more details!
For sale
Price cut: $50K (7/21)
$1,699,000
8320 SW 161st St, Palmetto Bay, FL 33157
5beds
3,178sqft
Single Family Residence
Built in 1961
0.39 Acres Lot
$1,613,700 Zestimate®
$535/sqft
$-- HOA
What's special
Additional bedroom downstairsPrivate terrace accessPremium kitchenaid appliancesNew refrigeratorNewer roofNew impact windowsOversized driveway
- 92 days
- 1,002
- 105
Zillow last checked:
Listing updated:
Listed by:
Ricky Kallabat PA 305-747-5117,
Keller Williams Capital Realty,
Steven Yuskaitis 508-776-0608,
Keller Williams Capital Realty
Source: MIAMI,MLS#: A12031171
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Family Room, Recreation Room
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Ice Maker, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Closet Cabinetry, Walk-In Closet(s), Wet Bar
- Flooring: Vinyl
- Doors: French Doors
Interior area
- Total structure area: 3,711
- Total interior livable area: 3,178 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Detached Carport, Covered, Garage Door Opener
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Features
- Stories: 2
- Entry location: First Floor Entry, Second Floor Entry
- Patio & porch: Patio
- Exterior features: Lighting
- Has private pool: Yes
- Pool features: In Ground, Pool Only
- Fencing: Fenced
- Has view: Yes
- View description: None
Lot
- Size: 0.39 Acres
- Features: Oversized Lot
Details
- Parcel number: 3350270040140
- Zoning: 2100
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS Construction, Frame
- Roof: Flat Tile,Shingle
Condition
- Year built: 1961
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: Septic Tank
- Water: Municipal Water, Well
Community & HOA
Community
- Features: None, No Subdiv/Park Info
- Subdivision: Southwood 1st Addn
HOA
- Has HOA: No
Location
- Region: Palmetto Bay
Financial & listing details
- Price per square foot: $535/sqft
- Tax assessed value: $901,041
- Annual tax amount: $5,650
- Date on market: 6/10/2026
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$1,613,700
$1.53M - $1.69M
$7,777/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Price change | $1,699,000-2.9%$535/sqft |
Source: | ||
| 6/24/2026 | Price change | $1,749,000-2.3%$550/sqft |
Source: | ||
| 6/10/2026 | Price change | $1,790,000-3.2%$563/sqft |
Source: | ||
| 5/3/2026 | Price change | $1,850,000-11.9%$582/sqft |
Source: | ||
| 4/18/2026 | Listed for sale | $2,100,000$661/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,651 +2.5% | $326,518 +2.9% |
| 2024 | $5,511 +5.4% | $317,316 +3% |
| 2023 | $5,230 +4% | $308,074 +3% |
| 2022 | $5,029 +0.5% | $299,101 +3% |
| 2021 | $5,005 +2% | $290,390 +1.4% |
| 2020 | $4,909 +2.3% | $286,381 +2.3% |
| 2019 | $4,796 +4.7% | $279,943 +1.9% |
| 2018 | $4,582 | $274,724 +2.1% |
| 2017 | $4,582 +0.4% | $269,074 +2.1% |
| 2016 | $4,563 -0.9% | $263,540 +0.7% |
| 2015 | $4,604 -1.1% | $261,709 +0.8% |
| 2014 | $4,658 +4.1% | $259,632 +1.5% |
| 2013 | $4,474 | $255,796 +1.7% |
| 2012 | $4,474 +2.6% | $251,521 +3% |
| 2011 | $4,359 -4.7% | $244,196 +1.5% |
| 2010 | $4,573 +8.8% | $240,588 +2.7% |
| 2009 | $4,201 -1.4% | $234,263 +15.8% |
| 2007 | $4,261 -4.3% | $202,213 |
| 2006 | $4,454 | -- |
| 2005 | $4,454 +1.5% | -- |
| 2004 | $4,387 | -- |
| 2003 | -- | -- |
| 2002 | $3,137 | -- |
| 2001 | $3,137 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33157
Nearby schools
Schools provided by the listing agent
- Elementary: Coral Reef
- Middle: Southwood
- High: Miami Palmetto
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




