22040 SW 116 AVE, Palmetto Bay, FL 33170

22040 SW 116 AVE, Palmetto Bay, FL 33170 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1955 with 1,066 square feet of living space on a 10,010 square foot lot. The property is currently owned by KEVIN TORRES, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2022-09-01 for $400,000. There are 4 recorded sales for this property. The 2025 assessed value is $339,560 with a market value of $378,158.

This breaks down to $236,385 for the land and $141,773 for the building. The assessed value increased 3% from $329,991 in 2024. The property has the following tax exemptions: homestead.

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. There are active mortgage liens totaling $370,394 recorded against this property. 22040 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 2014 to 2022, with 4 recorded transactions in the public record. The current assessed value represents 85% of the most recent sale price.

Based on the most recent sale, this property traded at $375 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..