10885 SW 218 TER, Palmetto Bay, FL 33170

10885 SW 218 TER, Palmetto Bay, FL 33170 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1950 with 720 square feet of living space on a 10,000 square foot lot. The property is currently owned by SHERROD R RUSSELL, 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 1991-01-01 for $30,000. The property has appreciated $11,900 (66%) since the prior sale of $18,100 on 1977-01-01. There are 3 recorded sales for this property.

The 2025 assessed value is $110,591 with a market value of $304,978. This breaks down to $236,250 for the land and $68,728 for the building. The assessed value increased 10% from $100,538 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. 10885 SW 218 TER, 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 1974 to 1991, with 3 recorded transactions in the public record. The current assessed value represents 369% 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 is 1 active building permit on this property with a combined estimated cost of $225, indicating ongoing construction or renovation work. Based on the most recent sale, this property traded at $42 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..