18901 SW 232 ST, Palmetto Bay, FL 33170

18901 SW 232 ST, Palmetto Bay, FL 33170 is a 2-bedroom, 2-bathroom impr agri : residential - single family built in 1953 with 2,608 square feet of living space on a 435,600 square foot lot. The property is currently owned by THE RAINBOW TREE FARM LLC, 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 2023-05-24 for $1,150,000. There are 4 recorded sales for this property. The 2025 assessed value is $764,029 with a market value of $920,504.

This breaks down to $752,100 for the land and $168,404 for the building. The assessed value decreased 17% from $921,212 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.

This property currently has 1 open code violation on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close. 18901 SW 232 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 2011 to 2023, with 4 recorded transactions in the public record. The current assessed value represents 66% 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 $441 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..