11363 SW 227 TER, Palmetto Bay, FL 33170
Parcel: 3060180161120 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$172,032
Property Details
Beds
3
Baths
1
Living Sqft
1,520
Year Built
1973
Lot Sqft
7,500
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$65,200
2015-01-29
MACK A RIVERS & W SUSIE → DEUTSCHE BANK NATIONAL TRUST CO
2
$103,000+58%
2015-09-02
DEUTSCHE BANK NATIONAL TRUST CO → JORGE PEREZ
3
$142,000+38%
2016-07-22
JORGE PEREZ → RAFAEL ALEXANDER VEGA
Tax Assessment History
$172,032
Assessed (2025)
$343,795
Market Value
$121,310
Taxable Value
$2,470
Annual Tax
2024
$167,184
$344,880
2025
$172,032
$343,795
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $172,032 | $343,795 | $121,310 | $2,470 | $202,500 | $141,295 |
| 2024 | $167,184 | $344,880 | $117,184 | $2,386 | $202,500 | $142,380 |
About 11363 SW 227 TER, Palmetto Bay, FL 33170
11363 SW 227 TER, Palmetto Bay, FL 33170 is a 3-bedroom, 1-bathroom residential - single family : 1 unit built in 1973 with 1,520 square feet of living space on a 7,500 square foot lot. The property is currently owned by RAFAEL ALEXANDER VEGA, 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 2016-07-22 for $142,000, when JORGE PEREZ sold to RAFAEL ALEXANDER VEGA. The property has appreciated $39,000 (38%) since the prior sale of $103,000 on 2015-09-02. There are 3 recorded sales for this property.
The 2025 assessed value is $172,032 with a market value of $343,795. This breaks down to $202,500 for the land and $141,295 for the building. The assessed value increased 3% from $167,184 in 2024.
The property has the following tax exemptions: homestead. 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 $212,492 recorded against this property. This property currently has 1 open code violation on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close.
11363 SW 227 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 2015 to 2016, with 3 recorded transactions in the public record.
The current assessed value represents 121% 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 $93 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| W2018018143 | mechanical | expired | $4,400 |
Code Violations 1 open
A2018003498 open
2018-08-11
Distress Signals
- 1 open code violation
Current Owner
RAFAEL ALEXANDER VEGA
11363 SW 227 TER, MIAMI, FL, 33170
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$2,120 — $3,896
Flood $400 — $800
Property/Wind $1,720 — $3,096
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$42,718
Median Home Value$319,200
Pop. Density5,016/sq mi
Neighborhood 11363
100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
32
Mortgages
ACTIVE
$223,850
READY MORTGAGE LENDERS LLC · 2022-01-03
Est. Total Balance $212,492
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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