18261 SW 224 ST, Palmetto Bay, FL 33170

18261 SW 224 ST, Palmetto Bay, FL 33170 is a 5-bedroom, 3.5-bathroom residential - single family : 1 unit built in 2024 with 3,104 square feet of living space on a 42,863 square foot lot. The property is currently owned by JORGE R FIGUEREDO MICHELLE FIGUEREDO, 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 2024-07-17 for $1,375,000. The 2025 assessed value is $868,793 with a market value of $1,069,950. This breaks down to $295,200 for the land and $774,750 for the building.

The assessed value increased 301% from $216,480 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 $1,078,021 recorded against this property. 18261 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 63% 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 $443 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..