22862 SW 115 CT, Palmetto Bay, FL 33170

22862 SW 115 CT, Palmetto Bay, FL 33170 is a 4-bedroom, 3.5-bathroom residential - single family : residential - total value built in 2017 with 2,224 square feet of living space on a 5,062 square foot lot. The property is currently owned by MAGALYS SANCHEZ, 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 2021-05-30 for $142,500, when HIGINIO RUIZ SANCHEZ sold to MAGALYS SANCHEZ. The property has appreciated $142,400 (142400%) since the prior sale of $100 on 2018-01-09. There are 3 recorded sales for this property.

The 2025 assessed value is $462,929 with a market value of $498,025. This breaks down to $150,930 for the land and $347,095 for the building. The assessed value increased 3% from $449,883 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. 22862 SW 115 CT, 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 2017 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 325% 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 $64 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..