22200 SW 116 AVE, Palmetto Bay, FL 33170

22200 SW 116 AVE, Palmetto Bay, FL 33170 is a 6-bedroom, 4-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1962 with 2,365 square feet of living space on a 10,010 square foot lot. The property is currently owned by TREY IRWIN, 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 2016-05-31 for $230,000, when W R WILLIAMS &W ELLA sold to TREY IRWIN. The property has appreciated $187,500 (441%) since the prior sale of $42,500 on 1977-11-01. There are 3 recorded sales for this property.

The 2025 assessed value is $306,871 with a market value of $475,422. This breaks down to $240,240 for the land and $235,182 for the building. The assessed value increased 10% from $278,974 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 $42,718, and the median home value is $319,200.

The population density is 5,016 people per square mile. 22200 SW 116 AVE, 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 1976 to 2016, with 3 recorded transactions in the public record. The current assessed value represents 133% 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.

Based on the most recent sale, this property traded at $97 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..