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For sale
  • Price cut: $50K (7/21)
    $1,699,000

    8320 SW 161st St, Palmetto Bay, FL 33157

    5beds
    3,178sqft
    : 
    $11,054/mo
    Get pre-qualified
    Single Family Residence
    Built in 1961
    0.39 Acres Lot
    $1,619,600 Zestimate®
    $535/sqft
    $-- HOA

    What's special

    Additional bedroom downstairsPrivate terrace accessPremium kitchenaid appliancesNewer roofNew impact windowsOversized driveway
    New Price!! Welcome to this stunning, turnkey Palmetto Bay luxury oasis, completely renovated with over $300K in high-end upgrades. Boasting 3,918 adjusted sq ft of flexible space on 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, top-rated schools. Seller financing minimum of $500,000 down two year balloon 7%
    47 days
    |
    1,065
    |
    104
    |

    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#: A12031171MLS LogoOriginating 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

        $1,619,600

        $1.54M - $1.70M

        $7,626/mo

        Price history

        DateEventPrice
        7/21/2026Price change$1,699,000-2.9%$535/sqft
        Source: MIAMI #A12031171 Report a problem
        6/24/2026Price change$1,749,000-2.3%$550/sqft
        Source: MIAMI #A12031171 Report a problem
        6/10/2026Price change$1,790,000-3.2%$563/sqft
        Source: MIAMI #A12031171 Report a problem
        5/3/2026Price change$1,850,000-11.9%$582/sqft
        Source: MIAMI #A12003695 Report a problem
        4/18/2026Listed for sale$2,100,000$661/sqft
        Source: MIAMI #A12003695 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33157

        Getting around

        13 / 100
        Car-Dependent
        22 / 100
        Minimal Transit
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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