371 W PALMWOOD LN, Key Biscayne, FL 33149

371 W PALMWOOD LN, Key Biscayne, FL 33149 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1954 with 2,557 square feet of living space on a 7,423 square foot lot. The property is currently owned by ALEXANDRA BACH LAGOS CHRISTOS LAGOS, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2015-12-29 for $2,135,000, when VIRGILIO PENSO sold to ALEXANDRA BACH LAGOS. The property has appreciated $1,140,000 (115%) since the prior sale of $995,000 on 2010-09-30. There are 3 recorded sales for this property.

The 2025 assessed value is $1,322,044 with a market value of $2,275,891. This breaks down to $1,929,980 for the land and $345,911 for the building. The assessed value increased 3% from $1,284,786 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

The median household income in this area is $250,001, and the median home value is $2,000,001. The population density is 3,407 people per square mile. 371 W PALMWOOD LN, Key Biscayne, FL 33149 is located in Key Biscayne, Florida.

Property records, tax assessments, sales history, and ownership information for this Key Biscayne property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2005 to 2015, with 3 recorded transactions in the public record. The current assessed value represents 62% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $835 per square foot — a key metric for comparing value across Key Biscayne's real estate market..