18950 SW 224 ST, Palmetto Bay, FL 33170

18950 SW 224 ST, Palmetto Bay, FL 33170 is a 1-bedroom, 1-bathroom impr agri : residential - single family built in 2022 with 1,750 square feet of living space on a 653,400 square foot lot. The property is currently owned by ISAEL VELIZ TRS OF THE ISAEL VELIZ REV TR, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2019-05-22 for $1,467,500, when WINSTON E SHIELDS sold to ISAEL VELIZ TRS. The property has appreciated $1,297,500 (763%) since the prior sale of $170,000 on 2000-08-01. There are 3 recorded sales for this property.

The 2025 assessed value is $213,546 with a market value of $1,147,110. The assessed value increased 9% from $196,443 in 2024. 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 $71,250, and the median home value is $437,500. The population density is 352 people per square mile.

18950 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 1999 to 2019, with 3 recorded transactions in the public record.

The current assessed value represents 15% 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 $839 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..