11045 SW 216 ST, Palmetto Bay, FL 33170

11045 SW 216 ST, Palmetto Bay, FL 33170 is a store : retail outlet built in 2021 with 18,187 square feet of living space on a 57,666 square foot lot. The property is currently owned by G & P COMMERCIAL LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2005-01-01 for $700,000. The property has appreciated $280,000 (67%) since the prior sale of $420,000 on 2004-08-01. There are 3 recorded sales for this property.

The 2025 assessed value is $3,100,000 with a market value of $3,100,000. This breaks down to $1,369,568 for the land and $1,730,432 for the building. The assessed value increased 7% from $2,906,082 in 2024.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $71,250, and the median home value is $381,900.

The population density is 6,352 people per square mile. There are active mortgage liens totaling $2,769,000 recorded against this property. This property currently has 2 open code violations on record with miami_dade code enforcement.

Open violations can affect property value and may need to be resolved before a sale can close. 11045 SW 216 ST, Palmetto Bay, FL 33170 is located in Palmetto Bay, Florida. Property records, tax assessments, sales history, and ownership information for this Palmetto Bay property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 1996 to 2005, with 3 recorded transactions in the public record. The current assessed value represents 443% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal.

There are 6 active building permits on this property with a combined estimated cost of $4,000, indicating ongoing construction or renovation work. Based on the most recent sale, this property traded at $38 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..