315 W PALMWOOD LN, Key Biscayne, FL 33149

315 W PALMWOOD LN, Key Biscayne, FL 33149 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1995 with 3,230 square feet of living space on a 7,500 square foot lot. The property is currently owned by MICHAEL ORTEGA TRS MEREDITH AND MICHAEL ORTEGA, recorded as of 2026-05-17. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2026-04-07 for $4,400,000, when TEODORO SANTIAGO PEREZ ABAD sold to MICHAEL ORTEGA TRS. The property has appreciated $2,585,000 (142%) since the prior sale of $1,815,000 on 2019-06-21. There are 4 recorded sales for this property.

The 2025 assessed value is $1,731,306 with a market value of $2,758,603. This breaks down to $1,950,000 for the land and $808,603 for the building. The assessed value increased 3% from $1,682,514 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. 315 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 1991 to 2026, with 4 recorded transactions in the public record. The current assessed value represents 39% 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 $1362 per square foot — a key metric for comparing value across Key Biscayne's real estate market..