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7940 SW 166TH Street, Palmetto Bay FL 33157

Lots/Land For Sale
$1,100,000

BTC: 13.45977363

ETH: 447.15447154

44 days
0 room(s)

Overview

RARE PALMETTO BAY OPPORTUNITY set within a serene enclave of impressive residences and lush, mature landscapes. THIS 15,388SF PARCEL offers an exceptional canvas for a CUSTOM ESTATE TO BE BUILT on this mostly cleared lot. ENVISION an architecturally significant residence complemented by a luxurious pool, landscaped grounds and curated outdoor living. LOC: Bicycle to Deering Estate, parks and nearby beaches. Convenient to highly regarded public and private schools, Fairchild Tropical Botanic Garden, 18-hole Palmetto Golf Course, plus surrounding shops, eateries, events +more. SPACE, SERENITY & LOCATION distinguish this increasingly rare Palmetto Bay homesite. IMPORTANT: Listing Broker has verified Sellers' identity and ownership; this property is authorized by the property owners for sale.

Location

Florida • Palmetto Bay • 33157 • Lots/Land • For Sale

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.35 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$412,000
$153K – $1.5M
Confidence Low
List vs. estimate
$688K above estimate
List $1,100,000 · +167.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
58 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.3M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,383
2025
All facts and features

  • Property

    • Exterior Features: Fruit Trees / None

    Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 33-50-27-053-0120

    • Zoning: 2100

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Agriculture

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Electricity Available

    • Sewer Available

  • Other financial information

    • Annual tax amount: $7,383

  • Source details

    • MLS ID: B26068893

    Other facts

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Less Than 1 Acre / Oversized Lot / No Bldg Included

    • Direction Faces: North

    • Other Structures: None

    • Water Source: Other

    • Subdivision Name: CARMICHAEL ESTATES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33157
276
median $720K
Active
Same city
Palmetto Bay
102
median $1.4M
Active
Same type
Lots/Land
9
median $1.1M
Active
Similar price
$770K – $1.4M
29
median $1.1M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Keller Williams Realty of Vero