18221 SW 224 ST, Palmetto Bay, FL 33170

18221 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 42,174 square foot lot. The property is currently owned by JOSE R BONILLA VILLATORO, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2024-12-10 for $1,400,000. The 2025 assessed value is $720,059 with a market value of $1,040,340. This breaks down to $290,460 for the land and $749,880 for the building.

The assessed value increased 238% from $213,004 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 $689,215 recorded against this property. 18221 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 51% 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.

There is 1 active building permit on this property with a combined estimated cost of $13,500, indicating ongoing construction or renovation work. Based on the most recent sale, this property traded at $451 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..