11472 SW 227 TER, Palmetto Bay, FL 33170
Parcel: 3060180230170 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$62,217
Property Details
Beds
3
Baths
2
Living Sqft
1,050
Year Built
1994
Lot Sqft
7,575
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$42,200
1994-08-01
2
$449,000+964%
2025-12-02
MICHELLE IVEY → CAMILO NOVOA
3
$449,000
2025-12-16
4
N/Anon-market transfer
2026-03-14
MICHELLE IVEY → CAMILO NOVOA
Tax Assessment History
$62,217
Assessed (2025)
$321,554
Market Value
$25,000
Taxable Value
$509
Annual Tax
2024
$60,464
$323,240
2025
$62,217
$321,554
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $62,217 | $321,554 | $25,000 | $509 | $203,513 | $118,041 |
| 2024 | $60,464 | $323,240 | $25,000 | $509 | $203,513 | $119,727 |
About 11472 SW 227 TER, Palmetto Bay, FL 33170
11472 SW 227 TER, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1994 with 1,050 square feet of living space on a 7,575 square foot lot. The property is currently owned by CAMILO NOVOA MARIA JOSE FORMAS, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
There are 4 recorded sales for this property. The 2025 assessed value is $62,217 with a market value of $321,554. This breaks down to $203,513 for the land and $118,041 for the building.
The assessed value increased 3% from $60,464 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 $438,681 recorded against this property. 11472 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 1994 to 2026, with 4 recorded transactions in the public record..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| N1994000812 | plumbing | expired | — |
Current Owner
CAMILO NOVOA MARIA JOSE FORMAS
11472 SW 227 TERR, MIAMI, FL, 33170
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000
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 11472
100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
29
Mortgages
ACTIVE
$440,867
CITY NATIONAL BANK OF FLORIDA · 2025-12-16
Est. Total Balance $438,681
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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