11440 SW 229 TER, Palmetto Bay, FL 33170

11440 SW 229 TER, Palmetto Bay, FL 33170 is a 4-bedroom, 3-bathroom residential - single family : cluster home built in 2005 with 2,600 square feet of living space on a 12,396 square foot lot. The property is currently owned by ROBERTO C LOPEZ &W ZINARA MERCADO, 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 2005-08-01 for $291,990. The property sold for $8,708,010 less than the prior sale of $9,000,000 on 2004-04-01. The 2025 assessed value is $168,908 with a market value of $573,577.

This breaks down to $227,658 for the land and $345,919 for the building. The assessed value increased 3% from $164,148 in 2024. The property has the following tax exemptions: homestead.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. 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. 11440 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 2004 to 2005, with 2 recorded transactions in the public record. The current assessed value represents 58% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase.

Based on the most recent sale, this property traded at $112 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..