11287 SW 229 TER, Palmetto Bay, FL 33170

11287 SW 229 TER, Palmetto Bay, FL 33170 is a 4-bedroom, 2-bathroom residential - single family : cluster home built in 2005 with 1,804 square feet of living space on a 5,000 square foot lot. The property is currently owned by MANNY LAZARO MELENDEZ JANET MURSULI, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2022-02-25 for $300,000, when ROBERTO ARIAS sold to MANNY LAZARO MELENDEZ. The property has appreciated $180,000 (150%) since the prior sale of $120,000 on 2009-11-20. There are 3 recorded sales for this property.

The 2025 assessed value is $412,306 with a market value of $427,873. This breaks down to $150,000 for the land and $277,873 for the building. The assessed value increased 3% from $400,687 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 $280,272 recorded against this property. 11287 SW 229 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 2009 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 137% 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 $166 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..