11040 SW 223 ST, Palmetto Bay, FL 33170

Parcel: 3060180110440 · Residential - Single Family · 1 Unit · Zoning: 0100

Assessed Value (2025)
$388,694

Property Details

Beds
3
Baths
1
Living Sqft
1,209
Year Built
1964
Lot Sqft
7,875
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$33,000
2014-06-10
HSBC BANK USA N A TRSCARLOS A VELASQUEZ LLC
2
$100non-market transfer
2015-02-10
CARLOS A VELASQUEZ LLC19TH LLC
3
$420,000
2022-06-15
19TH LLCJOSE PENSADO

Tax Assessment History

$388,694
Assessed (2025)
$388,694
Market Value
$337,972
Taxable Value
$6,881
Annual Tax
2024
$390,508
2025
$388,694
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $388,694 $388,694 $337,972 $6,881
2024 $390,508 $390,508 $340,508 $6,932

About 11040 SW 223 ST, Palmetto Bay, FL 33170

11040 SW 223 ST, Palmetto Bay, FL 33170 is a 3-bedroom, 1-bathroom residential - single family : 1 unit built in 1964 with 1,209 square feet of living space on a 7,875 square foot lot. The property is currently owned by JOSE PENSADO, 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 2022-06-15 for $420,000, when 19TH LLC sold to JOSE PENSADO. The property has appreciated $419,900 (419900%) since the prior sale of $100 on 2015-02-10. There are 3 recorded sales for this property.

The 2025 assessed value is $388,694 with a market value of $388,694. This breaks down to $207,562 for the land and $181,132 for the building. The assessed value decreased 0% from $390,508 in 2024.

The property has the following tax exemptions: homestead. 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 $380,096 recorded against this property. 11040 SW 223 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 2014 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 93% of the most recent sale price. Based on the most recent sale, this property traded at $347 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..

Building Permits (3)

Permit #TypeStatusCost
C2024136312 building F $11,400
C2024059326 building F $11,070
C2023137353 electrical F

Current Owner

JOSE PENSADO
11040 SW 223 ST, MIAMI, FL, 33170
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$5,064 — $9,351
Flood $400 — $800
Property/Wind $4,664 — $8,551

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$71,250
Median Home Value$381,900
Pop. Density6,352/sq mi

Neighborhood 11040

100%
Owner-Occ
0%
Investor
10
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
34
View full risk analysis →

Mortgages

ACTIVE
$397,664
~$380,096 bal.
POINT MORTGAGE CORP · 2022-07-15
Est. Total Balance $380,096
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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