10940 SW 227 TER, Palmetto Bay, FL 33170
Parcel: 3060180300300 · Residential - Single Family · Residential · Zoning: 0100
Assessed Value (2025)
$286,796
Property Details
Beds
4
Baths
2.5
Living Sqft
2,360
Year Built
2014
Lot Sqft
7,608
Stories
2
RESIDENTIAL - SINGLE FAMILY : RESIDENTIAL - TOTAL VALUE
Sales History
1
$278,990
2014-10-14
D R HORTON INC → RUTH FARLEY
2
$100non-market transfer
2017-06-13
TYRONE EARL FARLEY → RUTH PADILLA
3
$100non-market transfer
2023-03-18
TYRONE EARL FARLEY JR → RUTH FARLEY
4
N/A
2023-03-22
Tax Assessment History
$286,796
Assessed (2025)
$538,988
Market Value
$0
Taxable Value
2024
$278,714
$542,709
2025
$286,796
$538,988
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $286,796 | $538,988 | $0 | — | $203,958 | $335,030 |
| 2024 | $278,714 | $542,709 | $0 | — | $203,958 | $338,751 |
About 10940 SW 227 TER, Palmetto Bay, FL 33170
10940 SW 227 TER, Palmetto Bay, FL 33170 is a 4-bedroom, 2.5-bathroom residential - single family : residential - total value built in 2014 with 2,360 square feet of living space on a 7,608 square foot lot. The property is currently owned by RUTH FARLEY, recorded as of 2026-03-29. 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 $286,796 with a market value of $538,988. This breaks down to $203,958 for the land and $335,030 for the building.
The assessed value increased 3% from $278,714 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 $304,754 recorded against this property. 10940 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 2014 to 2023, with 4 recorded transactions in the public record..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| W2021054682 | electrical | expired | — |
Est. Annual Insurance
$2,120 — $3,800
Flood $400 — $800
Property/Wind $1,720 — $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$71,250
Median Home Value$381,900
Pop. Density6,352/sq mi
Neighborhood 10940
100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
31
Mortgages
ACTIVE
$324,162
UNITED WHOLESALE MORTGAGE · 2021-07-20
Est. Total Balance $304,754
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales