18361 SW 224 ST, Palmetto Bay, FL 33170
Parcel: 3068130140020 · Residential - Single Family · 1 Unit · Zoning: 2300
Assessed Value (2025)
$753,266
Property Details
Beds
5
Baths
3.5
Living Sqft
3,086
Year Built
2024
Lot Sqft
42,845
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$1,400,000
2024-09-30
TCC PROPERTY, LLC → DAMIAN TAPANES CRUZ
2
$1,400,000
2024-10-07
Tax Assessment History
$753,266
Assessed (2025)
$1,090,110
Market Value
$702,544
Taxable Value
$14,303
Annual Tax
2024
$216,392
$270,490
2025
$753,266
$1,090,110
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $753,266 | $1,090,110 | $702,544 | $14,303 | $295,080 | $795,030 |
| 2024 | $216,392 | $270,490 | $216,392 | $4,406 | $270,490 | $0 |
About 18361 SW 224 ST, Palmetto Bay, FL 33170
18361 SW 224 ST, Palmetto Bay, FL 33170 is a 5-bedroom, 3.5-bathroom residential - single family : 1 unit built in 2024 with 3,086 square feet of living space on a 42,845 square foot lot. The property is currently owned by DAMIAN TAPANES CRUZ IVONNI MARTINEZ TORRES, 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 2024-10-07 for $1,400,000. The 2025 assessed value is $753,266 with a market value of $1,090,110. This breaks down to $295,080 for the land and $795,030 for the building.
The assessed value increased 248% from $216,392 in 2024. The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential.
Flood insurance is typically required. The median household income in this area is $71,250, and the median home value is $437,500. The population density is 352 people per square mile.
There are active mortgage liens totaling $491,332 recorded against this property. 18361 SW 224 ST, 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 2024 to 2024, with 2 recorded transactions in the public record. The current assessed value represents 54% 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 $454 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..
Building Permits (14)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2025069201 | building | F | $3,735 | ||
| C2025014167 | building | F | $23,400 | ||
| C2025018188 | zips | F | — | ||
| C2025002334 | building | F | $26,370 | ||
| W2024165161 | electrical | F | — | ||
| W2024152846 | plumbing | F | — | ||
| W2024152931 | electrical | F | — | ||
| C2024139584 | building | F | $20,850 | ||
| C2024119731 | building | F | — | ||
| W2024116119 | mechanical | F | — | ||
| C2024106417 | building | F | — | ||
| W2024076340 | plumbing | F | — | ||
| W2024051417 | electrical | F | — | ||
| C2022189096 | building | F | $207,225 |
Current Owner
DAMIAN TAPANES CRUZ IVONNI MARTINEZ TORRES
18361 SW 224 ST, MIAMI, FL, 33170
Since: 2026-04-19
View owner profile →
Flood Zone
Zone AH
Special Flood Hazard Area
Est. Annual Insurance
$4,919 — $8,332
Flood $400 — $800
Property/Wind $4,519 — $7,532
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$437,500
Pop. Density352/sq mi
Neighborhood 18361
100%
Owner-Occ
0%
Investor
2
Flips (4yr)
0
New Biz (3yr)
Distress Risk
LOW
19
Mortgages
ACTIVE
$500,000
FIRST AMERICAN BANK · 2024-10-07
Est. Total Balance $491,332
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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