10875 SW 216 ST, Palmetto Bay, FL 33170

10875 SW 216 ST, Palmetto Bay, FL 33170 is a multifamily 10 units plus : multifamily 3 or more units built in 1971 with 156,504 square feet of living space on a 416,434 square foot lot. The property is currently owned by POAH CM LANDOWNER 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 2024-12-05 for $12,405,000. There are 4 recorded sales for this property. The 2025 assessed value is $16,200,000 with a market value of $16,200,000.

This breaks down to $4,164,340 for the land and $12,035,660 for the building. The assessed value increased 44% from $11,286,000 in 2024. 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. This property currently has 4 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.

10875 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 2000 to 2024, with 4 recorded transactions in the public record.

The current assessed value represents 131% 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 8 active building permits on this property, indicating ongoing construction or renovation work.

Based on the most recent sale, this property traded at $79 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..